Nokia sells 7.4m Lumia handsets in second quarter

18 Jul 20131 Share

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

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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.

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Tina held senior editorial positions at daily newspapers in Ottawa and Toronto

editorial@siliconrepublic.com