Nokia Still in Strong Headwind

Nokia has come up with the financial statement for the second quarter, and the downturn will take no end.

Nokia’s downturn is still current, and the company has just published their latest accounts show that the second quarter has not helped to rectify things.

Good enough is Nokia’s turnover increased from 7.32 billion to 7.5 billion Euro, but the stock earnings are indicated with red numbers, and Nokia lost Eur 0.38 per share in the second quarter, against expected 0.176.

One of the reasons why it is still going the wrong way for Nokia’s sales. Nokia’s Lumia devices has admittedly sold better since the first quarter, but the average sales price has dropped from 62 euros per Bill, to 48 over the last year.

However, it is not something that has spooked investors, they still buy shares in the company, which has meant a stock increase of 7.8 percent, to 1.51 euros.

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