Nokia’s Revenue Slide by 21% But Lumia Sales Grows Up

Nokia revenues slide 21% but Lumia sales reach new high

Nokia’s Revenue Slide by 21% But Lumia Sales Grows Up

Nokia rumored an operating profit of €118m within the third quarter of 2013, though its revenues fell 22nd year on year to €5.7bn.
The company was buoyed by stronger sales of its flagship Lumia Windows Phone handsets, with 8.8m shipments representing complete new} high for the brand.

Nokia has currently oversubscribed thirty 6.1m Lumia handsets since the primary model launched in late 2011, though that figure is place into perspective by Apple’s thirty 3.8m iPhone sales within the third quarter of 2013 alone, additionally because the more-than 900m automaton smartphones activated thus far by Google.

Nokia additionally same it shipped 5.9m of its Asha handsets in rising markets throughout the third quarter, taking it to 14.7m smartphones overall. Nokia’s devices and services division’s income fell nineteen year on year to €2.9bn.

Microsoft has united to pay €3.8bn for the division and an additional €1.7bn for a 10-year non-exclusive licence for its patents, with an additional fee due for a four-year licensing deal for its HERE maps and location platform.
The acquisition is anticipated to shut early in 2014, once Nokia can specialist in its 3 remaining cor businesses: Nokia Solutions and Networks, HERE, and its Advanced Technologies R&D division.

Our strategy work is creating smart progress and it’s already become clear that there are substantive opportunities for all of our business areas: NSN, HERE and Advanced Technologies,” same chairman and interim chief govt Risto Siilasmaa in an exceedingly statement.

In all of those businesses, we’ve sturdy assets that we have a tendency to still invest certain the future good thing about our customers and shareholders.”

The HERE division rumored income of €211m within the third quarter, down 2 hundredth year-on-year, however reborn a €56m in operation loss into a €14m in operation profit. Meanwhile, NSN’s income fell twenty sixth to €2.6bn, whereas its in operation profit slipped September 11 to €166m.