Nokia’s operating profits increased by 4% year-on-year (YoY) to €475 million in Q3 2015 from €457 million in the same quarter last year. The company had reported an operating profit of €494 million in the previous quarter and net sales of €3.04 billion compared to €3.09 billion in the same quarter last year. Nokia Networks and Nokia Technologies are two major businesses left with Nokia after the sale of its devices and services business to Microsoft in April last year and the sale of Here to Audi, BMW and Daimler in August this year. Nokia Networks’ operating profit was down 2% YoY to €391 million from €397 million in the same quarter last year. On the other hand, Nokia Technologies posted operating profits of €94 million, down 4% YoY. Nokia Technologies : - Nokia Technologies is working on its first digital media product called OZO, a virtual reality camera for professionals. The product will be launched in Q4-FY15. - Net sales decreased 16% on a QoQ basis while increasing by 7% YoY, primarily due to the absence of non-recurring net sales that benefitted the second quarter 2015, as well as lower licensing income from certain existing licensees that experienced decreases in handset sales. Nokia networks : - Unveiled a programmable 5G architecture and announced the 5G-ready massive broadband solution for trials in 2016. - Nokia Networks launched Nokia OSS Office for Telco Cloud, Nokia Service Chaining and Nokia cloud wise Care Services, as well as the availability of the Nokia AirFrame Data Center Solution, and…
