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Nokia smartphone sales fall 39 per cent to 10.2 million units

July 19th, 2012, 23:37 Posted By: wraggster

Lumia sales now stand at four million as Nokia losses widen.
Shares actually rose in the stricken handset firm, which announced its Q2 results today. Why? Because the figures weren't as abysmal as some thought.
The firm's second-quarter net loss widened to 1.41 billion euros from 368 million euros in Q1, although sales actually increased a tiny amount to 7.5 billion euros, up from 7.4 billion euros.
But the core handset operation is still stuck in a rut. Lumia volumes increased but Nokia has still only sold 4m of them - a blip compared to sales of iPhone and Galaxy for example.
Interestingly, Nokia's feature phone business rose by 2.4 per cent to 73.5 million units while smartphone sales fell 39 per cent to 10.2 million units.
Of course, Nokia and its CEO Stephen Elop are in the midst of a re-structuring programme to deal with the rut. The firm has made thousands redundant and sold off subsidiaries such as Nokia Money and Vertu.

http://www.mobile-ent.biz/news/read/...n-units/018693

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