29/10/2013 07:50 GMT | Updated 29/12/2013 05:12 GMT

Nokia Sold 8.8 Million 'Lumia' Phones Last Quarter

IMAGE DISTRIBUTED FOR NOKIA - The Nokia Lumia 1020 smartphone is displayed during an announcement event in New York, Thursday, July 11, 2013. The Nokia Lumia 1020 reinvents zoom with a 41-megapixel camera featuring Zeiss optics, six lenses, optical image stabilization and allows for clear pictures in low light conditions. (Photo by Diane Bondareff/Invision for Nokia/AP Images)

Nokia has released its latest set of financial results - and the news is fairly positive for fans of Windows phone.

The Finnish company said its sales hit €5.66 billion in the three months to October, with an overall profit of €118 million.

That's up from a loss of €115 in the previous quarter, and €564 million a year ago.

Nokia added that it sold about 8.8 million Lumia smartphones in the quarter - up from 7.4 million in the previous three months. That's up from 2.9 million in the comparable quarter in 2012 - a very significant rise.

Of course, virtually everything about Nokia is about to change. The company sold its devices and services business to Microsoft for $7.2 billion earlier this year, which means that all future Lumia devices will be released via Redmond and not Finland.

Nokia will continue to run its network and Here maps divisions, and may look to release its own phones again in 2016 - though only low-end devices.

The result is that things look a bit rosier for both sides of the deal - Microsoft gets a handset brand which is selling more smartphones (running Windows) than ever, while Nokia would be even more profitable without its devices division dragging down profits.