Author Topic: Nokia Q2 report: more Lumias sold, less money made  (Read 240 times)

GSMArena

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Nokia Q2 report: more Lumias sold, less money made
« on: Jul 18, 2013, 09:31 PM »
Nokia announced the Q2 financial results and numbers are red all over. Net sales and operating profits are down for Nokia as a whole and its core, Devices & Services. Actually, the only division reporting a positive IFRS operating profit is Nokia Siemens Networks.



It's not all bad news - volumes of Lumia sales increased 32% quarter on quarter to 7.4 million units, up from 4 million for the same quarter last year. That's below analysts' expectations of 8.1 million, which has sent Nokia stock down almost 4% at the time of writing.

The Lumia 720 and Lumia 520 (the world's most popular Windows Phone handset) are two of the main drivers behind the growth. These are mid-range and entry level phones respectively, which lead to a decrease in average selling price by 4% to

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Nokia Q2 report: more Lumias sold, less money made
« on: Jul 18, 2013, 09:31 PM »