Nokia Sold 8.8 Million Lumia Smartphones In Q3, Sees 19% Increase Quarter-On-Quarter

Nokia has announced that it sold 8.8 million Lumia smartphones globally in Q3, 2013, registering a 19 percent quarter-over-quarter increase. The budget Lumia 520 contributed handsomely to this bump in sales, Nokia Lumia 520 has proved to be quite a popular smartphone in certain markets. Nokia revealed these figures as part of its third quarter results, ending September 2013. Net sales for the quarter brought in $7.85 billion. Nokia’s total number of units sold has also increased by 4 percent. Total smartphones and feature phone sales reached 55.8 million units, thus amounting to an operating profit of $162.4 million.

In the previous quarter, Nokia was able to sell 7.4 million Lumia smartphones, but suffered an operating loss of $150 million. Looking at the entire year so far, the company’s total sales have dipped nearly 22 percent. It is evident from the results that the company is gradually gaining ground in North America. Over the summer, Nokia sold 1.4 million phones in North America, an increase of nearly four times as compared to sales in summer 2012. The next quarter will be even more important for the company as we get to see how its new Lumia 1520, 1320 and Lumia 2520 tablet perform in the market. Its $7 billion acquisition by Microsoft is also expected to be completed by Q1, 2014. Nokia’s shareholders are going to vote on the acquisition on November 19th in Helsinki, Finland.

Adnan Farooqui
Categories: Cellphones
Tags: Nokia