Nokia Reports Lumia Sales Up 32% - But Overall Sales Slow In Transition To Windows Phone

Nokia: Lumia Sales Up 32%...

Nokia has revealed another set of mixed financial results, with sales of its Lumia smartphones rocketing but overall sales down about a quarter year-on-year.

The Finnish phone giant has gained huge press attention in recent weeks for its new Lumia 925 and 1020 smartphones, both of which feature stand-out cameras and hardware design.

And according to the report the Lumia line is starting to make headway with consumers, with sales for the quarter rising to 7.4 million, which is up 32% in the quarter.

Nokia did not break out which devices sold the best, though it did say the average selling price was €157 - up €6 on last year, but down quarter-on-quarter, indicating its budget Lumia 520 and 620 phones are starting to shift units.

But overall sales were down by 24% as shipments of feature phones continued to decline.

Overall the company lost $150 million in the quarter, on revenues of $7.4 billion. That's much lower than last year, where it took in $9.2 billion, but the massive overall loss is much reduced.

Meanwhile Nokia's Here maps division lost $116 million, while Nokia Siemens Networks made a small profit.

Nokia CEO Stephen Elop said in a release:

"We're pleased to report an underlying operating profit for the fourth consecutive quarter on a group level. We benefited from another strong performance at Nokia Siemens Networks, which continued to deliver well against its focused strategy.

With our recent announcement to purchase Siemens' 50% stake in Nokia Siemens Networks, we believe we will create value for Nokia shareholders and look forward to strengthening Nokia Siemens Networks as a more independent entity."

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