<p>The world's largest mobile phone manufacturer had suffered a 913 million euro loss in the corresponding quarter of the previous year, after being saddled with massive impairment charges.<br /><br />Faced with intense competition, especially in the smart phone segment, Nokia is looking to bolster its overall market share under newly-appointed CEO Stephen Elop.The higher September quarter profits came on the back of increased revenue of 10.27 billion euros in the September quarter of 2010, an increase of about 5 per cent compared to the same period a year ago.<br /><br />"Our company faces a remarkably disruptive time in the industry, with recent results demonstrating that we must reassess our role in and our approach to this industry," Elop said in a statement.<br /><br />The Finnish entity, which has a good presence in India, saw total mobile device volumes of 110.4 million units in the September quarter, 2 per cent more than in the comparable period last year.<br /><br />Telecom equipment-maker Nokia Siemens Networks -- a joint venture between Nokia and Germany's Siemens -- saw its total sales climb 7 per cent to 2.9 billion euros on the back of better market prospects in India, among other countries.<br /><br />"Net sales in the third quarter of 2010 benefited from some improvement in overall component availability, as well as an improvement in the industry-wide issue related to security clearances in India, which was preventing the completion of product sales to customers, compared to the second quarter, 2010," the statement said.<br />For the 2010 fourth quarter, Nokia expects devices and services net sales to be in the range of 8.2 to 8.7 billion euros.</p>
<p>The world's largest mobile phone manufacturer had suffered a 913 million euro loss in the corresponding quarter of the previous year, after being saddled with massive impairment charges.<br /><br />Faced with intense competition, especially in the smart phone segment, Nokia is looking to bolster its overall market share under newly-appointed CEO Stephen Elop.The higher September quarter profits came on the back of increased revenue of 10.27 billion euros in the September quarter of 2010, an increase of about 5 per cent compared to the same period a year ago.<br /><br />"Our company faces a remarkably disruptive time in the industry, with recent results demonstrating that we must reassess our role in and our approach to this industry," Elop said in a statement.<br /><br />The Finnish entity, which has a good presence in India, saw total mobile device volumes of 110.4 million units in the September quarter, 2 per cent more than in the comparable period last year.<br /><br />Telecom equipment-maker Nokia Siemens Networks -- a joint venture between Nokia and Germany's Siemens -- saw its total sales climb 7 per cent to 2.9 billion euros on the back of better market prospects in India, among other countries.<br /><br />"Net sales in the third quarter of 2010 benefited from some improvement in overall component availability, as well as an improvement in the industry-wide issue related to security clearances in India, which was preventing the completion of product sales to customers, compared to the second quarter, 2010," the statement said.<br />For the 2010 fourth quarter, Nokia expects devices and services net sales to be in the range of 8.2 to 8.7 billion euros.</p>