Nokia’s numbers for Q2 are in and while the bad news outweighs the good by leaps and bounds, the good news is that, well, there is good news. First, the bad: Nokia’s Q2 operating profit was down a mind boggling 66 percent year over year to €775 million. 66 percent! Net sales dropped 25 percent YoY to €9.9 billion and EPS came in at €0.15, a 60 percent YoY decline. Ouch. On the brighter side of things, Nokia is still selling tons of phones even if it forgot how to make money in the process. The company showed a solid improvement compared to Q1 with a 7 percent increase in net sales and 103.2 million handsets shipped, up 11 percent from Q1. Global market share was somewhat of a bright spot as well, rebounding from 37 percent in Q1 to 38 percent in Q2. The 5800 XpressMusic was most definitely the shining star in Q2 just as it was in Q1; 3.7 million units sold this quarter… 6.8 million units in all… Over a million sold each month

original Source : Nokia’s Q2 numbers are in; market share up, profits down