Nokia: Two million Lumia phones sold in Q1 but profits still falling

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Nokia's announced preliminary information on its forthcoming Q1 results due on April 19th. It's reportedly sold €4.2 billion worth of phones, €2.3 billion coming from the sale of 71 million dumbphones and €1.7 billion coming from smart devices. On the upside, sales of the Lumia handsets are still growing, selling two million of the series in the last three months alone. However, "competitive industry dynamics" and the cost of its painful transition into a modern smartphone player have meant the numbers aren't too pleasing. The figures mean that the company will make a loss of around three percent below "break even," but Stephen Elop remains bullish, saying that his team is "continuing to increase the clock speed of the company" and that "the change is tangible."Continue reading Nokia: Two million Lumia phones sold in Q1 but profits still falling
Nokia: Two million Lumia phones sold in Q1 but profits still falling originally appeared on Engadget on Wed, 11 Apr 2012 08:38:00 EDT. Please see our terms for use of feeds.


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