Nokia released its results for the second quarter of 2010, raking in a healthy operating profit of €295 million. Although there are some downsides, the results still show that Nokia maintains an impressive percentage of the smartphone market. Join us after the break to find out more…

The operating profits announced by Nokia were actually down by around 31 per cent from last year's results, but this figure hides a jump in smartphone sales which has enabled Nokia to maintain its overall market share of 41 per cent - an impressive feat considering the hot competition from Apple, HTC and others. The fall in profits was largely down to the lower cost of smartphone – something which Nokia says is consistent with its strategy to take smartphones to a wider market.

Nokia's CEO Olli-Pekka Kallasvuo said, “We ended the second quarter with several reasons to be optimistic about our future. For one, the global handset market has continued to grow at a healthy pace, led by some of the less mature markets where Nokia is strong. We are also encouraged by the solid second quarter performance of our Mobile Phones business, helped by an improving line-up of affordable models”

Other interesting nuggets found in the Q2 report include the news that the Ovi App Wizard served up over 1 million home-made apps in just 10 weeks and that Ovi Maps with free navigation has been downloaded over 17 million times.