x PhoneArena is hiring! Reviewer in the USA
  • Hidden picShow menu
  • Home
  • News
  • Nokia Group posts 2.5% loss on $7.8 billion revenue for Q1, Lumia sales on the rise

Nokia Group posts 2.5% loss on $7.8 billion revenue for Q1, Lumia sales on the rise

Posted: , by Daniel P.

Tags :

Nokia Group posts 2.5% loss on $7.8 billion revenue for Q1, Lumia sales on the rise
Nokia just released its Q1 financials, and it posted a small operating loss of $196 million on a revenue of $7.8 billion. On a non-IFRS basis the company posted its third operational profit in a row. The Nokia Siemens Networks department, which was a huge cash drain before, posted its fourth underlying profitability in a row, though it was the source of hefty restructuring charges, too, which Nokia said will continue to the end of the year.

Lumia sales marked a huge increase of 27% compared to the last quarter of 2012, which is pretty significant, considering Q4 is a holiday quarter, and Nokia managed to sell 5.6 million of its Windows Phone-laden handsets. All for the sake of its non-WP handsets, of course, whose sales registered a steep quarterly decline - 5 million Ashas and 0.5 million Symbian handsets in total.

With the launch of decent ultra-affordable Lumias like the 520, Nokia's other brands are bound to be replaced with the Lumia line to a great extent down the road, and for now the biggest loser is Nokia's HERE6 mapping department, where the company currently invests much more than it takes out. Nokia's CEO Stephen Elop had the obligatory pep talk as a comment to the quarterly results:

At the highest level, we are pleased that Nokia Group achieved underlying operating profitability for the third quarter in a row. While operating in a highly competitive environment, Nokia is executing our strategy with urgency and managing our costs very well.

We have areas where we are making progress, and areas where we are further increasing the focus. For example, people are responding positively to the Lumia portfolio, and our volumes are increasing quarter over quarter. Nokia Siemens Networks delivered another strong quarter and contributed to an overall improvement in Nokia Group’s cash position. On the other hand, our Mobile Phones business faces a difficult competitive environment, and we are taking tactical actions and bringing new innovation to market to address our challenges.

All of these efforts are aimed at improving our financial performance and delivering more value to our shareholders.

+- Press Release

  • Options

posted on 18 Apr 2013, 06:07 29

1. SIGPRO (Posts: 1882; Member since: 03 Oct 2012)

GO Nokia, keep it up. Release a few monster phones and you will grow again!
Also don't forget the 3rd world countries, you can sell dump phones there like hot cakes!

posted on 18 Apr 2013, 06:29 10

5. No_Nonsense (unregistered)

3rd world countries is pretty rash to begin with, and its dumb phones not dump phones. The real deal will perhaps come in the next quarter where in 520/620/720 have been put on sale and are going to be better sellers than the 920. Still this result is pretty good and they may just get back to the top if the EOS and Catwalk/laser + the other lumia lineup turns out to be good.

posted on 18 Apr 2013, 06:55 7

15. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)

Well i dont think so, cause with that WP with Nokia its difficult for users to like the phone, due to limited specs!

While iOs and Android and BB are enjoying this years highend Cpu@Gpu, Nokia@MS are on last years specs!

it's time for Nokia to leave MS and start using there own OS: Meego, Sailfish, Maeemo™

Well Nokia is to blame, there getting injected funds from MS and have another few years with thier contract with MS. When expired they shall be more independent on thier own OS, or try Android, they dont have to sign a agreement, unlike MS!

posted on 18 Apr 2013, 07:31 8

31. shikroi (Posts: 187; Member since: 24 Sep 2012)

You have to lie to prove a point. Which part of BB or ios is anywhere close to having this years new gpus and cpus? iPhone doesn't even have 720p, neither have wireless charging, iphone has no nfc, apples old architecture is geting beaten by the new ones, not to mention BB is having questionable sales and BBs camera is crap.

posted on 18 Apr 2013, 08:35 5

41. trexnkrumpets (Posts: 45; Member since: 15 Jan 2013)

You really believe it would be a smart move for nokia to move into android territory? Where the likes of HTC is barely holding on in comparison to samsung. Nokia is making good gains in WP. WP is a lot more stable of an os, the devices meet certain restrictions that won't segregate each and every device from updates and improvements. Where android has a very fragmented experience. I'd safely bet that if the lumia 520 or the other lower models came to prepaid... those devices would eventually take over that market due to the lower costs and more reliable hardware alongside the software.

posted on 18 Apr 2013, 11:51 2

60. Jaeel (Posts: 27; Member since: 18 Apr 2013)

By "enjoying", do you mean they eat them CPUs/GPUs? Cause performance wise most of them are nothing special.

posted on 18 Apr 2013, 18:09 1

72. Emily1985 (Posts: 127; Member since: 08 Nov 2012)

So much stupidity in one comment, you probably broke some record.

posted on 18 Apr 2013, 09:33 1

45. joseph98 (Posts: 167; Member since: 03 Feb 2012)

Yet the stock is down 12%. Nokia fan wanted windows 8. You get what you deserve. When we said Android we mean it. Nokia can only survive when they make an Android phones OS. Is it that hard to see?

posted on 18 Apr 2013, 09:40 2

46. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)

Stephen Eflop said in his documentary, that he dosn't and dislikes high-end specs, he prefers average™

posted on 18 Apr 2013, 09:55 6

49. chaoticrazor (Posts: 2347; Member since: 28 Aug 2012)

and the usual crap continues, will all android fans go and just be happy with the offerings they have instead of spreading bs that androids the only way to success

HTC, Motorola ,Sony and even Lg arent making much to shout about using android. HTC use both and still arent doing well so nokia focusing on wp and showing improvement is a slap in the face of fanboys like yourself

i want choice, and android isnt for everyone. just get over this os superiority complex you android fanboys have. your os has the same chances to succeed as others theres no guarantee

posted on 18 Apr 2013, 10:20 2

53. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)

Well dominating and a staggering 68% worlwide, sure it does™

Choice is Android, cause you are free, not closed os, with fence or being in prison™

You can't do this, you can't do that, can't have this™
This is not choice, this is restriction®

posted on 19 Apr 2013, 01:59

76. SIGPRO (Posts: 1882; Member since: 03 Oct 2012)

Dude get a life, i use Android an i must say it is a crappy os, laggy and buggy! And Troll stop trolling around because you talk crap......mister shahrukh khan wannabe.... yes i know you!

posted on 19 Apr 2013, 06:35

78. LumiaLover (Posts: 194; Member since: 27 Sep 2012)

It is restriction for a reason numpty. It means that your phone remains stable and fluid. I took a fancy to the HTC One when it was launched. I went to have a look at it at my local Three store and surprise surprise the quad core beast lagged!! I couldn't believe my eyes. It's not the hardware, it's the software. Besides, on my Lumia 920, I can make high quality calls, send texts send emails, browse the web, play games, take excellent photos and all with a beautiful UI. If this is imprisonment, lock me up for good and throw away the key!! BOOM BOOM!!!

posted on 19 Apr 2013, 06:31

77. LumiaLover (Posts: 194; Member since: 27 Sep 2012)

Did you not read the article? Lumia sales up 27% on 2012 Q4 holiday season sales! Why would Nokia only survive selling Android? Part of Nokia's sales success so far with Lumia is the WP8 OS. Everybody who sees my phone loves it. You need to open your eyes a bit and realise that there is more to the world than Android. I can't wait for this time next year when all you haters will be completely silent because Nokia and WP will succeed.

posted on 19 Apr 2013, 08:20

83. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)

Its just a dream, youre in fantasy land™

Yea wait another 5years®

posted on 18 Apr 2013, 06:14 21

2. Omar-BHR95 (Posts: 184; Member since: 23 Dec 2012)

keep up the good work nokia , without you , samsung gaxlay phones and iphones wouldn't exist if it wasn't for you

posted on 18 Apr 2013, 06:43 12

9. TreyTreyTaylor (Posts: 709; Member since: 21 Dec 2010)

Very true.

posted on 18 Apr 2013, 07:03 3

18. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)

No it's not, it's for Motorola who was first™
Red thumb from TROLL™

posted on 18 Apr 2013, 07:10 12

20. faisal8708 (Posts: 104; Member since: 15 Nov 2011)

GSM,SMS,WIFI,bluethooth and etc all came from nokia moto made the first phone the rest came from Nokia

posted on 18 Apr 2013, 06:17 23

3. kaliil10 (Posts: 145; Member since: 16 May 2012)

Good luck Nokia. We love you even if we have another smart phones because we grew up with Nokia.

posted on 18 Apr 2013, 06:27 25

4. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)

Wish all the best to you, Nokia! Keep it up! Release monster phones to wow peoples, show those peoples who said Nokia is a junk, let them faint!

Good luck, Nokia! :)

posted on 18 Apr 2013, 06:41 11

8. asingha94 (Posts: 295; Member since: 08 Apr 2012)

That's really good to know.. Keep up your good work nokia..give me some good reason to upgrade my lumia 920..!!

posted on 18 Apr 2013, 06:48 7

12. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)

Give you some good reason?

You need to ask yourself, it is your choice! :)

posted on 18 Apr 2013, 06:47 13

11. eisenbricher (Posts: 973; Member since: 09 Aug 2012)

You post really likable comments, friend :)
Thumbs up for you.

posted on 18 Apr 2013, 06:50 11

13. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)

Thank you my friend! You post likable comments too!
You deserve a thumbs up too! :)

posted on 18 Apr 2013, 07:25 6

30. superstar (Posts: 30; Member since: 14 Apr 2013)

V true nice to see someone who is neutral and not a troll

posted on 18 Apr 2013, 12:44 4

63. akki20892 (Posts: 3902; Member since: 04 Feb 2013)

Nokia going to release L928 25th may, Catwalk will in June, EOS will in July, and one more lower cost L920 will in autumn.

And one more good news Nokia is working on phablet 1080p, quad core,and good enough Ram, etc.

Go NOKIA we r with u,,,,,,,,,,,!!!

posted on 18 Apr 2013, 06:37 15

6. srimob (Posts: 8; Member since: 15 Mar 2013)

Keep it up nokia.. All the best .. We are with u .......

posted on 18 Apr 2013, 06:37 14

7. CardiWPfan (Posts: 129; Member since: 12 Sep 2012)

No matter what anybody says I love Nokia and I wish the company well! Keep up the good work Nokia!

posted on 18 Apr 2013, 06:43 3

10. pitak (Posts: 23; Member since: 23 Feb 2013)

no moreAshas and Symbian only windowsphone nokia

* Some comments have been hidden, because they don't meet the discussions rules.

Want to comment? Please login or register.

Latest stories