Nokia today announced financial results for its second quarter and sales of its Lumia smartphones showed continued growth. It announced quarterly shipments of 7.4 million Lumias, a new record for the company and a significant increase over the 5.6 million shipped the prior quarter and the 4 million shipped the same quarter a year ago.
The company’s Q2 revenues hit €5.7 billion, down slightly from the previous quarter and 24% lower than the same quarter a year ago. It wast still able to narrow its loss to €115 million.
According to Stephen Elop, Nokia CEO:
“In our Smart Devices business unit, we continue to focus on delivering meaningful differentiation to consumers around the world. We are very proud of the recent creations by our Lumia team, from the Lumia 520 – our most affordable Windows Phone 8 product which has enjoyed a strong start in markets like China, France, India, Thailand, the UK, the US and Vietnam – to the Lumia 1020, our star imaging product which we unveiled to the world last week. Overall, Lumia volumes grew to 7.4 million in the second quarter, the highest for any quarter so far and showing increasing momentum for the ecosystem. During the third quarter, we expect that our new Lumia products will drive a significant part of our Smart Devices revenue.”
While overall Lumia shipments increased, Nokia continues to struggle in North America with shipments only reaching 500,000 units. While this is an improvement over the previous quarter, it is also a 17% drop from the same quarter a year ago. It remains to be seen if recently announced devices such as the Lumia 928 and the Lumia 1020 with its 41MP PureView camera sensor can help Nokia turn that trend around.
Nokia also shipped 4.3 million Asha full-touch smartphones. Total handset shipments came in at 61.1 million units.
Source : Nokia