Digital Spy

Search Digital Spy
5

Tech News

Nokia sells 2.9m Lumia devices in Q3

By
Nokia has reported encouraging financial results during Q3, suggesting that the Finnish phone maker could be on the road to recovery.

Although the company posted an operating loss of €576 million (£476m), its deficit was almost half that of Q1 and significantly lower than Q2.

Nokia Lumia 820 smartphone

© Nokia

Nokia logo














Nokia suffered a Q2 loss of €826 million (£670m) and a Q1 deficit of €961 million (£780m), prompting the firm to introduce stringent cost-cutting measures.

The company found success with its Lumia line during the last quarter, selling more than 2.9 million handsets. Coupled with cost cutting measures, the once dominant manufacturer is showing signs of a gradual resurgence.

The adoption of Microsoft's Windows Phone 8 operating system is expected to see the firm make further gains over the coming months, with the flagship Nokia Lumia 920 spearheading its range. However, Nokia faces fierce competition from HTC on this front.

Earlier today, it was reported that Nokia is ushering out its Symbian operating system, a platform which helped shape the modern smartphone market, as the company continues its wholesale transition.

You May Like

Comments

Loading...