Nokia sold 4 million Windows Phone Lumia devices in Q2 2012
July 19, 2012 at 12:20 GMT | By Darlington Moyo
The much anticipated Q2 results from Nokia have been released. As ever, Windows Phone haters and the anti-Nokia vultures will be circling around, trying to put the most negative spin on the numbers. Don't get it twisted, we know Nokia is a spot of bother and the numbers don't look great, but there are some positives to take from this.
Unfortunately the report shows that the Nokia made an operating loss of $1.01 billion dollars for the quarter. Nokia net sales in Q2 2012 were EUR 7.5 billion, up from EUR 7.4 billion in Q1 2012. 4 Million Windows Phone Lumia devices were sold in the quarter, with 600 000 sold in America.
600 000 might seem like a paltry sum to others, but considering that only a few months ago, Nokia was selling ZERO devices in America and the 600 000 sales have been achieved by selling 2 devices (Nokia Lumia 900 and 700 ) via 2 carriers (AT&T and T-Mobile), then the number doesn't seem that pathetic. Here is Nokia CEO, Stephen Elop's statement:
Nokia is taking action to manage through this transition period. While Q2 was a difficult quarter, Nokia employees are demonstrating their determination to strengthen our competitiveness, improve our operating model and carefully manage our financial resources. We shipped four million Lumia Smartphones in Q2, and we plan to provide updates to current Lumia products over time, well beyond the launch of Windows Phone 8. We believe the Windows Phone 8 launch will be an important catalyst for Lumia. During the quarter, we demonstrated stability in our feature phone business, and enhanced our competitiveness with the introduction of our first full touch Asha devices. In Location & Commerce, our business with auto-industry customers continued to grow, and we made good progress establishing our location-based
platform with businesses like Yahoo!, Flickr, and Bing. We continued to strengthen our patent portfolio and filed more patents in the first half of 2012 than any previous six month period since 2007. And, we are encouraged that Nokia Siemens Networks returned to underlying operating profitability through strong execution of its focused strategy.
We are executing with urgency on our restructuring program. We are disposing of non-core assets like Vertu. We are taking the necessary steps to restructure the operations of the company, which included the announcement of a new program on June 14. Faster than anticipated, we have already negotiated the closure of the Ulm, Germany R&D site, and the negotiations about the planned closure of our factory in Salo, Finland are proceeding in a collaborative spirit.
We held our net cash resources at a steady level after adjusting for the annual dividend payment to our shareholders. While Q3 will remain difficult, it is a critical priority to return our Devices & Services business to positive operating cash flow as quickly as possible.
Read the full report here
You might like:
blog comments powered by Disqus