Nokia claims 39 percent marketshare
Nokia, the world’s leading handset maker, has posted a strong Q with net sales of $18.386 billion, which is an increase of 28 percent YoY. Nokia also shipped 111.7 million units of devices, which is up 11 percent since last quarter and 26 percent YoY. Much like other handset makers, the increasing volume of phones shipped helped to offset declining Average Sales Prices (ASP), with Nokia’s ASP at $117. Nokia’s marketshare increased by 1 percent – and has reached 39 percent, ie 2 out 5 people in the world are choosing Nokia. For more on Nokia’s quarter: read this press release (pdf)
Singapore Airlines receives the first Airbus A380
Filed under: Aerospace, Asia-Pacific, Business, Europe, Finance, World
Oct 15: The first delivery of an A380 marks the culmination of Europe’s biggest industrial project which has taken 7 years of effort and cost 11 billion euros ($15.5 billion). Problems with installation of wiring in the A380 project by two years, pushed the Airbus into loss, and toppled the management. The plane received by Singapore Airlines can seat 471 people and will enter service between Singapore and Sydney on 25th October, starting with a flight whose proceeds will go for charity. Joanna Partridge reports for Reuters.