Global sales between April and June rose by 28% on the same period a year ago to 12.6bn euros ($17.2bn; £8.5bn)
Nokia, the world's biggest mobile phone company, increased its share of the mobile handset market to 38%, according to research firm Strategy Analytics.
It expected Nokia's momentum in countries such as India to give it a 40% market share by the end of 2007.
The price of a barrel of US light, sweet crude surpassed the previous high of $78.40 a barrel, seen in July 2006, before falling back to $76.53. Prices have risen steadily in the past few weeks following disruption to output in Nigeria and the North Sea. Wednesday's initial rise followed data showing a fall in US crude stockpiles.