Nokia sold 8.8 million Lumia smartphones in Q3

Nokia reported a net loss of €91 million, down from €959 million a year earlier

Nokia once again sold a record number of Lumia smartphones during the third quarter, helping the company narrow its net loss.

The company reported third-quarter sales of €5.66 billion (US$7.79 billion), down 22 percent year on year, and a net loss of €91 million, down from €959 million a year earlier.

Nokia sold a total of 64.6 million mobile phones during the third quarter, including 8.8 million Lumia devices. A year earlier, it sold 82.9 million phones, of which 6.3 million were smart devices, including smartphones running both Windows Phone and Symbian.

Two major things happened at Nokia during the third quarter: It announced plans to sell its Devices & Services business to Microsoft, and completed the acquisition of Siemens' stake in what is now called Nokia Solutions and Networks.

Nokia's shareholders are scheduled to vote on the Microsoft deal next month. If all goes well, the transaction is expected to close in the first three months of next year.

"From Nokia's perspective it's business as usual until the deal is approved by shareholders and gets regulatory approval. Given where Windows Phone is, maintaining momentum is incredibly important for both Nokia and Microsoft. The bottom line is that they can't afford to be distracted," said Geoff Blaber, CCS Insight's vice president of research for the Americas.

Once Microsoft has taken control, it has a huge number of decisions to make, including brand alignment, how the devices business should structured within Microsoft, and the level of autonomy it should have, according to Blaber.

"That will likely be a challenging integration process. But obviously the faster it is, the better," Blaber said.

Send news tips and comments to mikael_ricknas@idg.com

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Topics: business issues, consumer electronics, Mobile OSes, Nokia, hardware systems, smartphones, financial results, tablets, mobile, Windows Phone
Comments are now closed.

Latest News Articles

Most Popular Articles

Follow Us

GGG Evaluation Team

Kathy Cassidy

STYLISTIC Q702

First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.

Anthony Grifoni

STYLISTIC Q572

For work use, Microsoft Word and Excel programs pre-installed on the device are adequate for preparing short documents.

Steph Mundell

LIFEBOOK UH574

The Fujitsu LifeBook UH574 allowed for great mobility without being obnoxiously heavy or clunky. Its twelve hours of battery life did not disappoint.

Andrew Mitsi

STYLISTIC Q702

The screen was particularly good. It is bright and visible from most angles, however heat is an issue, particularly around the Windows button on the front, and on the back where the battery housing is located.

Simon Harriott

STYLISTIC Q702

My first impression after unboxing the Q702 is that it is a nice looking unit. Styling is somewhat minimalist but very effective. The tablet part, once detached, has a nice weight, and no buttons or switches are located in awkward or intrusive positions.

Resources

Best Deals on GoodGearGuide

Compare & Save

Deals powered by WhistleOut
WhistleOut

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?