Nokia's operating profits declined by 13% year-on-year (YoY) to €265 million in Q1 2015 from €305 million in the same quarter last year. The company had reported an operating profit of €524 million in the previous quarter. The company reported net sales of €3.2 billion compared to €2.7 billion in the same quarter last year. Nokia Networks was the worst performing among the three major businesses Nokia has left post the sale of its devices and services business to Microsoft, in April last year. Nokia Networks' operating profit was down 61% YoY to €85 million from €216 million in the same quarter last year. On the other hand, HERE posted operating profits of €19 million, up 90% YoY, and Nokia Technologies posted operating profits of €193 million, up 124% YoY. HERE - Registered 25% YoY growth in net sales, with 29% YoY increase in sales of new vehicle licenses for embedded navigation systems. - Sold a total of 3.6 million units of new vehicle licenses for embedded navigation systems. - HERE and BMW AG collaborated to create connected driver experiences, which was demonstrated at the Consumer Electronics Show in January 2015. - Released an update to its HERE Mobile SDK, which businesses can license and use to develop their own apps running HERE's maps and location services. - Launched HERE map app for iPhone. - It's worth noting that, last month, Nokia had said that it has initiated a review of strategic options for its HERE business, which might lead to sale. HERE is the last consumer-facing business left with Nokia. Nokia…
