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.