Nokia (NOK -11.9%) is off sharply following its Q1 report. In spite of healthy Lumia sales,...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia (NOK -11.9%) is off sharply following its Q1 report. In spite of healthy Lumia sales, smartphone units -49% Y/Y to 6.1M as Symbian falls to just 500K. Thanks to Lumia, smartphone ASP rose 3% Q/Q and 34% Y/Y to €191. But feature phone ASP -10% Q/Q and -15% Y/Y to €28 (units -21% Y/Y to 55.8M, as Android takes share). Nokia Siemens sales -5% Y/Y to €2.8B (€196M op. profit) after rising 5% in Q4. European Devices/Services sales -34% Y/Y, Middle East/Africa -32%, Greater China -56%, Asia-Pac -24%, North America +9%, Latin America -24%. Cash balance up by €120M Q/Q (€210M from Nokia Siemens). 5M Asha sales vs. 9.3M in Q4. (slides)