Nokia said its net revenues fell 10% year-on-year at constant currencies to 8.98 billion euros in the third quarter, as rising sales at Nokia Siemens Networks failed to offset a sharp fall in device revenues. Nokia said its sales from devices and services fell 22% year-on-year in constant currencies, as device shipments fell 3% to 107 million units.
Nokia's smartphone shipments fell 38% year-on-year to 16.8 million units in the quarter, while mobile phone shipments rose 8% to almost 90 million. Nokia said: "The year-on-year increase in our mobile phones volumes in the third quarter 2011 was driven by strong demand for our dual SIM devices, which reached 17.9 million during the quarter, as well as higher demand for our QWERTY products." source: Nokia statement
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