Nokia’s released the bundle of spreadsheets that comprise its 2012 Q1 financials, just a week after it promised it would make a loss, despite bullish sales of the new Lumia 900. The numbers reveal that the company had net sales of €7.4 billion ($9.7 billion), down from €10.4 billion ($13.6 billion) at the start of last year. Net sales are down 30 percent year-on-year which means it’s posting a loss of €1.3 billion ($1.7 billion) for the first three months of 2012.
Developing…
Nokia’s Q1 2012 financials: $9 billion sales can’t stop a $1.7 billion loss originally appeared on Engadget on Thu, 19 Apr 2012 06:05:00 EDT. Please see our terms for use of feeds.
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