Tomahawk, WI 11/07/2013 (BasicsMedia) – Nokia Corporation (ADR) (NYSE:NOK) continues to climb heights in the smartphone industry after its acquisition by Microsoft, Sales are slowly but increasing as the company continues to record good revenues on a quarterly basis. The company continues to be buoyed by increased sales in its flagship products of Lumia Windows smartphones that have continued to receive a good reception from the market. This is evident with estimates indicating the company having recorded shipments totaling 8.8 million in the third quarter. This enabled Nokia Profits to surpass estimates to clock at high of 118 million euros. This was only slightly overshadowed by the company reduced revenues 5.7 billion euros, this represented a decline of 22% as compared to the same quarter a year ago.

 The growth in the smartphone industry can be clearly shown by the numbers which indicate the company has been able to sell over 36.1 million lumia devices since their inception in 2011. During the third quarter Nokia shipped a total of 5.9 million devices to emerging markets with a total of 14.7 million smartphones being sold during the same period. The increase in the company shipments was only overshadowed by a decline in the company net sales which declined by 19% to clock at a low of 2.9 billion euros. Microsoft which acquired Nokia has pledged to pay 3.8 billion euros for the division which will also see the company paying 1.7 billion euros for a 10 years exclusive license for its patents.

 Nokia HERE division posted net sales totaling $211 million for the third quarter which was slight depreciation of 20% compared to the same quarter in F2012. Nokia during the third quarter was able to convert its operating loss totaling 56 million euros to 14 million euros worth of operating profits. Nokia NSN segment posted net sales totaling 2.6 billion euros a decline of 6% compared to the same quarter results of F2012. The company Net profit for the same quarter also fell by 9% to clock at low of 166 million euros. Nokia has extended its originally agreed research memo with China Mobile Ltd research that was initially signed in 2010. The two parties intend to join hands in standardization and research of advanced mobile broadband technologies in the LTE market.

Nokia Corporation (ADR) (NYSE:NOK) in other news has extended its patent deal with Samsung which has been increased by a further 5 years with the final price tag for the deal being decided by an arbitration ruling in 2015. Nokia chiefs continue to exude confidence that the deal is a hallmark of constructive resolution in the licensing of disputes. Nokia is set to be in a position to drive harder bargains with mobile OEM’s in patent licensing deals. Nokia has also extended its relationship with Sprint Corporation for the deployment of TDD LTE across its 2.5 GHZ spectrum. This deal will see Sprint enhance its high speed data as it plans in the US market.

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