Nokia sold 8.8 million Lumia smartphones in Q3

Nokia reported a net loss of €91 million, down from €959 million a year earlier

Nokia once again sold a record number of Lumia smartphones during the third quarter, helping the company narrow its net loss.

The company reported third-quarter sales of €5.66 billion (US$7.79 billion), down 22 percent year on year, and a net loss of €91 million, down from €959 million a year earlier.

Nokia sold a total of 64.6 million mobile phones during the third quarter, including 8.8 million Lumia devices. A year earlier, it sold 82.9 million phones, of which 6.3 million were smart devices, including smartphones running both Windows Phone and Symbian.

Two major things happened at Nokia during the third quarter: It announced plans to sell its Devices & Services business to Microsoft, and completed the acquisition of Siemens' stake in what is now called Nokia Solutions and Networks.

Nokia's shareholders are scheduled to vote on the Microsoft deal next month. If all goes well, the transaction is expected to close in the first three months of next year.

"From Nokia's perspective it's business as usual until the deal is approved by shareholders and gets regulatory approval. Given where Windows Phone is, maintaining momentum is incredibly important for both Nokia and Microsoft. The bottom line is that they can't afford to be distracted," said Geoff Blaber, CCS Insight's vice president of research for the Americas.

Once Microsoft has taken control, it has a huge number of decisions to make, including brand alignment, how the devices business should structured within Microsoft, and the level of autonomy it should have, according to Blaber.

"That will likely be a challenging integration process. But obviously the faster it is, the better," Blaber said.

Send news tips and comments to mikael_ricknas@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags mobilesmartphonesNokiatabletsbusiness issuesfinancial resultshardware systemsconsumer electronicsMobile OSesWindows Phone

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Mikael Ricknäs

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Tom Pope

Dynabook Portégé X30L-G

Ultimately this laptop has achieved everything I would hope for in a laptop for work, while fitting that into a form factor and weight that is remarkable.

Tom Sellers

MSI P65

This smart laptop was enjoyable to use and great to work on – creating content was super simple.

Lolita Wang

MSI GT76

It really doesn’t get more “gaming laptop” than this.

Jack Jeffries

MSI GS75

As the Maserati or BMW of laptops, it would fit perfectly in the hands of a professional needing firepower under the hood, sophistication and class on the surface, and gaming prowess (sports mode if you will) in between.

Taylor Carr

MSI PS63

The MSI PS63 is an amazing laptop and I would definitely consider buying one in the future.

Christopher Low

Brother RJ-4230B

This small mobile printer is exactly what I need for invoicing and other jobs such as sending fellow tradesman details or step-by-step instructions that I can easily print off from my phone or the Web.

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?