Nokia sells 7.4m Lumia handsets in second quarter

18 Jul 2013

Nokia CEO Stephen Elop introduces the Nokia Lumia 1020 in New York on 11 July 2013

Shares in smartphone maker Nokia have dipped 4.6pc after the company reported sales of €5.69bn for the three months to 30 June, down 24pc on the same period last year.

The company sold 53.7m mobile phones during the quarter, reflecting a decrease of 27pc on last year.

Sales of its new Lumia phones, however, increased by 32pc compared to the first quarter to 7.4m handsets.

Nokia also reported a net loss that narrowed in the second quarter to €227m compared to a net loss of €1.41bn last year.

Stephen Elop, Nokia’s CEO, said the company is pleased to report an underlying operating profit for the fourth consecutive quarter on a group level.

“In Devices & Services, our Mobile Phones business unit started to demonstrate some signs of recovery in the latter part of the second quarter following a difficult start to the year,” Elop said, and added that the company expects its new Lumia products to drive a significant part of its Smart Devices revenue in the third quarter.

Tina Costanza was a journalist and sub-editor at Silicon Republic