Nokia has published its sales and earnings report of the 1Q 2005. Nokia’s first-quarter 2005 net sales increased to €7.4 billion, a 17% rise compared with the year-ago quarter. Net profit amounted to €863 million, a 18% rise against the 1Q 2004.
For the 1Q 2005 the total mobile device sales volume achieved by the Mobile Phones, Multimedia and Enterprise Solutions business groups reached 53.8 million units (world market volumes for the same period reached an estimated 170 million units).
Nokia mobile device volume by geographic area
| Nokia mobile device volume by geographic area | ||||
| Million units | 1Q 2005 | 1Q 2004 | Change, % | 4Q 2004 |
| Europe, Middle Asia and Europe | 27.4 | 21.6 | 27 | 32.8 |
| China | 7.1 | 4.2 | 69 | 5.9 |
| Asia Pacific | 10.6 | 7.4 | 44 | 10.4 |
| North America | 4.3 | 6.5 | -33 | 8.0 |
| Latin America | 4.4 | 5.0 | -12 | 9.0 |
| Total | 53.8 | 44.7 | 20 | 66.1 |
Nokia’s own smartphone volumes grew to 5.4 million units, compared with 1.8 million units in the 1Q 2004 (the total industry volume for the same period reached an estimated 10 million units).
Nokia’s outlook for 2005 is some 740 million of mobile terminals to be sold. As for the 2Q 2005 Nokia group net sales are expected to be in the range of € 7.9 billion to €8.2 billion.