T-Mobile and Sprint give Nokia a big boost in sales

T-Mobile and Sprint give Nokia a big boost in sales
The part of Nokia that did not become Microsoft Mobile reported strong sales growth for the third quarter. The main remaining unit, Nokia Networks (formerly known as Nokia Solutions and Networks, and Nokia Siemens Networks before that), was the driver behind a posted 13% growth in sales globally. Overall, Nokia had $4.18 billion in revenues for the third quarter, which included a very respectable net profit of $946 million.

More than half of those sales were related to mobile broadband switchgear, equipment used by mobile carriers to provide wireless service. In North America, Sprint and T-Mobile helped boost Nokia Networks’ sales by a solid 53% year-over-year due to “a new LTE network deployment at a major customer,” which is the “Sprint project.” Nokia Networks is also a major player in building up T-Mobile’s LTE network with the aim of implementing carrier aggregation (read as: LTE-Advanced).

Asia was also a bright spot for Nokia, with China showing an increase of 38% in sales thanks to the ever expanding networks in the world’s largest mobile market. Europe provided 9% growth, fueled primarily by network development in Eastern Europe.

The company still known as Nokia is not all about switchgear though, HERE Maps had sales growth of 12% with $299 million in revenue, and it expects positive growth now that HERE is available to Android powered smartphones. Meanwhile, another 3.2 million cars rolled off the line with HERE navigation systems embedded, up from 2.6 million a year ago.

Nokia still holds a considerable patent portfolio and that unit, called Nokia Technologies, showed sales growth of 9% with about $139 million, largely because Microsoft became a higher profile licensee of Nokia patents.

All told, the third-quarter results represented the first year-over-year growth for Nokia since 2011. With network technology rapidly advancing, Nokia appears to be in better shape playing less of a consumer role in communications.

source: FierceWireless

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18 Comments

1. Jinto

Posts: 436; Member since: Jan 15, 2014

Thank you, t mobile and sprint

8. madmikepr

Posts: 138; Member since: Aug 09, 2011

Huh ? Were I can buy a Nokia Sprint smartphone ???

9. g2a5b0e unregistered

You're either trolling or you didn't read the article. In either event, shut up.

14. akki20892

Posts: 3902; Member since: Feb 04, 2013

That's a good shot....

18. corporateJP

Posts: 2458; Member since: Nov 28, 2009

G...LOL...you always got something up your sleeve...thanks for the laugh...

15. akki20892

Posts: 3902; Member since: Feb 04, 2013

I'm seeing Nokia will be a leader in networks soon.

16. corporateJP

Posts: 2458; Member since: Nov 28, 2009

They're already there and have been since they merged with Siemens and Motorola dialed down network operations...

2. PapaSmurf

Posts: 10457; Member since: May 14, 2012

Woah.

3. TimCook

Posts: 450; Member since: Oct 23, 2014

It's Alive ....

4. Mxyzptlk unregistered

Yet pouring molasses in 0 degree weather is still faster than sprint

6. wumberpeb

Posts: 453; Member since: Mar 14, 2011

Never miss an opportunity to bash Sprint and seek out attention. Have you not been trolling hard enough lately sweetheart?

17. corporateJP

Posts: 2458; Member since: Nov 28, 2009

I don't always agree with him, but he tends to be on-point here. More towers would solve their problems tremendously. The "America's Newest Network" crap doesn't fly with those of us in the know, at least not right now. Sprint and T-Mobile work great for the metro-dwellers. Where I travel, only Big Red and the Deathstar work...

5. Adi87

Posts: 8; Member since: Jul 24, 2014

Another Software Update on its way.!!! :P

7. SIGPRO

Posts: 2817; Member since: Oct 03, 2012

Haha many people thought that Nokia was dead........NOOBS!

11. jroc74

Posts: 6023; Member since: Dec 30, 2010

Nokia the phone maker, as many know Nokia by. In that sense.....they might be right. Its like if Nintendo gets out the gaming business, they will be more profitable with their other businesses. Same for Sony...before the PS4 anyway. I think the PS4 is making Sony profit vs the PS3. Moto might be better off not making phones anymore....before the Moto G anyway. MS might be better off not making Xbox and WP anymore. Now, the business known as Nintendo, Nokia, Sony, MS will still be making money, alive, profitable...but they wont be doing what ....you...may like, love them for. Thats the difference. "With network technology rapidly advancing, ...........Nokia appears to be in better shape playing less of a consumer role in communications." Separated for emphasis. Same for BB. And thats the point when ppl say Nokia is/ will be dead.

10. gunnor

Posts: 25; Member since: Oct 22, 2014

maybee nokia wanted out of the windows phone boulder they were under?? what a better way to do that then to cut off that portion of your slow death. wait the so many years that they have to wait befor they can build phone again and then get back in with a better partner

12. jroc74

Posts: 6023; Member since: Dec 30, 2010

We will see, but them giving away the Lumia name was a huge mistake IMO. if they had no choice, so be it.

13. NateAdam8

Posts: 437; Member since: Feb 17, 2012

When are they going to start?

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