Nokia reported its first quarter results today, saying that sales of its Lumia Windows Phone increased 27 percent from the previous quarter to 5.6 million units.
That reflects “increasing momentum,” according to Nokia’s news release on the earnings. Nokia CEO — and former Microsoft executive — Stephen Elop had made the decision in 2011 to switch to Windows Phone as the company’s primary smartphone operating system. The company’s Lumia line of Windows Phones is regarded as the flagship — or at least one of the top — Windows Phone devices.
But sales of the company’s basic mobile phones decreased, helping result in a net sales decrease of 20 percent to 5.9 billion euros, down from 7.4 billion euros a year earlier.
Nokia shares are trading this morning at $3.19, down 10.89 percent.
Microsoft reports its fiscal third quarter earnings later today.