Thursday, October 18, 2012

Nokia's Q3 2012: $9.4 billion in sales, 2.9 million Lumias sold and losses trimmed to $754 million

Nokia's Q3 2012: $9.4 billion in sales, 2.9 million Lumias sold and losses trimmed to $754 million

Q4 2011: $1.3 billion loss. Q1 2012: $1.7 billion loss. Q2 2012: $1.01 billion loss. Q3 2012: $754 million loss. It seems that Stephen Elop's financial measures may finally be having the desired effect as Nokia records its first sub-billion dollar quarterly loss for a year. It's managed to reduce its losses despite a slowdown in Lumia sales - falling from four million last quarter to 2.9 million now, but given that the company is at the end of a product cycle, that's hardly surprising.

Engadget , Nokia's Q3 2012: $9.4 billion in sales, 2.9 million Lumias sold and losses trimmed to $754 million, Nokia's Q3 2012: $9.4 billion in sales, 2.9 million Lumias sold and losses trimmed to $754 million