MobileNest

Nokia reported increased earnings by 15 percent in the second quarter of 2005. The company also discussed the increased market share in mobile devices.

Nokia said it sales climbed to 60.8 million phones in the second quorter. In comparason, Nokia sold 45.4 million a year ago during the same quarter. China sales increased by 76 percent. The North American market showed weakness with a 22 percent drop in sales with only 6 million phones sold.

Report summary:

• Net income of $970.8 million, 15% above the same period last year
• Revenue rose 25%
• 60.8 million mobile phone units were shipped
• Sales in North America fell by 22% while China saw an increase of 76%