Latest Nokia quarterly figures arrive: continued Lumia sales growth, despite losses

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As we wait with bated breath to see if the Lumia 1020 will be a runaway success, Nokia has just released its financial report for the second quarter of the year, giving us a glimpse into its performance thus far. While the company’s still operating at a loss, and revenues have yet to recover from where they were even a year ago, there are some signs that should make us cautiously optimistic.

For one, Lumia sales are up. When we last looked at Nokia’s figures, back at the end of Q1, it was selling 5.6 million Lumias a quarter, up from 4.4 million in Q4 2012. That trend continues, and Q2 2013 saw Nokia moving 7.4 million Windows Phone handsets. It still has a long way to go with those numbers, but not only are they growing, the rate at which they’re growing appears to be increasing.

Regionally, sales are up in North America and to a lesser extent in Latin America, a welcome change considering the decline we saw last quarter. Elsewhere, the situation isn’t as rosy, with big dips in sales in the Middle East and Africa.

While last time we saw Nokia take a quarterly loss of $195 million, that’s now down to $150 million. Who knows; another year or so, and could Nokia start showing a profit?

Source: Nokia (Bloomberg)
Via: Engadget

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About The Author
Stephen Schenck
Stephen has been writing about electronics since 2008, which only serves to frustrate him that he waited so long to combine his love of gadgets and his degree in writing. In his spare time, he collects console and arcade game hardware, is a motorcycle enthusiast, and enjoys trapping blue crabs. Stephen's first mobile device was a 624 MHz Dell Axim X30, which he's convinced is still a viable platform. Stephen longs for a market where phones are sold independently of service, and bandwidth is cheap and plentiful; he's not holding his breath. In the meantime, he devours smartphone news and tries to sort out the juicy bitsRead more about Stephen Schenck!