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Nokia may have seen an operating loss of $150 million in Q1 2013, but the news isn’t all bad. The company saw revenue of $7.7 billion and managed to sell 5.6 million Lumias, which equates to a 37 percent jump in revenue and 30 percent increase in sales of those handsets over last quarter. As for earnings, Nokia put a shiny buff on them by reporting a net profit of $236 million IFRS, but either way it shows somewhat lower profits than last year, when Nokia saw $439 million operating profit and $635 million IFRS.
Of the Finnish outfit’s handset sales, North America accounted for a mere 400,000 out of the 61.9 million sold compared to the 700,000 it sold last quarter, making it the only region that didn’t see a bump during the period. CEO Stephen Elop said the company was pleased with Lumia and other smartphone sales, especially in China, but sees darker times ahead for its dumbphone business.
Developing…
Filed under: Cellphones, Nokia
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Source: Nokia