Leading handset manufacturer, Nokia reported revenues of euro 9.52 billion for the quarter ended March 31, 2010 at a yoy growth of 3% and an operating profit of 488 million at 787% rise as compared to last year.

However on a sequential comparison the results are at a downward trend with revenues down 21% and operating profit down 57%.

Nokia’s three main business units comprise of Devices & Services, NAVTEQ and Nokia Siemens Networks. Except for NSN, the other two business units reported positive growth in the quarter in terms of revenues.

Nokia managed 107.8 million shipments in the quarter which is at a 16% rise as compared to Q1 2009 but at a 15% decline as compared to Q4 2009. The average selling price too was down from euro 66 to euro 62.

“The lower year-on-year ASP was primarily due to general price erosion across our mobile device portfolio, offset to some extent by a positive mix shift from sales of mobile phones towards sales of converged mobile devices. On a sequential basis, our lower ASP was primarily driven by price pressure, particularly in certain high-end smartphones, offset to some extent by a positive mix shift from sales of mobile phones towards sales of converged mobile devices,” said the company.