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
Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

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

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?