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July 18, 2013 at 8:22 AM
Nokia Lumia sales rise to 7.4 million units in second quarter
Nokia sold a record 7.4 million Nokia Lumia Windows Phones in its fiscal second quarter, an increase of 32 percent from the first quarter, the Finnish phone manufacturer announced in its earnings report today
“We are very proud of the recent creations by our Lumia team, from the Lumia 520 – our most affordable Windows Phone 8 product … to the Lumia 1020, our star imaging product which we unveiled to the world last week,” Nokia CEO Stephen Elop said in a news release announcing the quarterly earnings results.
Though the company’s Lumia smartphone sales increased, its feature mobile phone sales decreased 4 percent quarter-on-quarter to 53.7 million units. Elop said, however that in the latter part of the second quarter, those sales “started to demonstrate signs of recovery.”
Overall, Nokia had a disappointing second quarter, with sales down 24 percent year-over-year to 5.7 billion euros (U.S. $7.46 billion). The results missed analysts’ expectations.
Nokia shares fell after the report and as of Thursday morning were trading at $3.95.
Microsoft, too, is announcing its quarterly earnings — its fiscal 4th quarter and year-end results — today. Here’s a preview of what to expect in the Q4 earnings.