Here's another way to read the exact same news, Engadget:

http://www.gsmarena.com/nokia_q2_financial_report_is_out_shows_improvement_over_q1-news-1023.php
Nokia Q2 financial report is out, shows improvement over Q1

"Reading through the report shows that things are improving since the begging of the year but they are still not as good as they used to be. Net sales for the quarter rose 7% from last quarter's 9.28 billion, but are 24.6% lower than those for the same period last year. Operating profit has also shrunk by 71% from the same quarter the previous year, but compared to Q1's 90% it's not as abysmal."

@Philly Z,

And what about Google, and what they've done, and continue to do, in China? Or Yahoo? Do you condemn them with the same vigor? Do you boycott Google?

I agree, Nokia Siemens Network - which is a different company than the cell phone making Nokia Corp, btw - should've not sold the equipment they sold to a government that is known to spy on its citizen. NSN should indeed get all the bad press that they are getting for what they built in Iran. However, let's keep things in order, shall we, and the facts straight? The equipment NSN sold Iran isn't in fact any different than what has been built in the US, Germany, and UK. The US government has wide access to telecom data, too, when they're suspecting a crime.

Other than that, this news is a of course like a piece of sweet candy for Engadget. And indeed, Nokia's got a lot to do. However, sites like Engadget constantly forget that they're looking at the world from an American angle, which, mind you, isn't everything in the world. Throughout Asia, Nokia's got a very different stand than in the US - in India, for example, Nokia was just awarded as "The Most Trusted Brand" this year by consumers - and so even though you think Nokia "sucks and fails because they don't have the iPhone or a Pre", that just simply isn't the picture elsewhere.

Like @m3 already pointed out, these were the results for Q2 - and the N97, which you talk about, didn't become available in Q2, so what does the N97 have to do with these results, Engadget?