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
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:


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67 Comments

1. SIGPRO

Posts: 2817; Member since: Oct 03, 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!

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.

15. TROLL

Posts: 4851; Member since: Apr 13, 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! ™®©

31. shikroi

Posts: 187; Member since: Sep 24, 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.

41. trexnkrumpets

Posts: 45; Member since: Jan 15, 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.

60. Jaeel

Posts: 27; Member since: Apr 18, 2013

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

72. Emily1985

Posts: 127; Member since: Nov 08, 2012

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

45. joseph98

Posts: 167; Member since: Feb 03, 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?

46. TROLL

Posts: 4851; Member since: Apr 13, 2012

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

49. chaoticrazor

Posts: 2347; Member since: Aug 28, 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

53. TROLL

Posts: 4851; Member since: Apr 13, 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®

76. SIGPRO

Posts: 2817; Member since: Oct 03, 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!

78. LumiaLover

Posts: 237; Member since: Sep 27, 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!!!

77. LumiaLover

Posts: 237; Member since: Sep 27, 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.

83. TROLL

Posts: 4851; Member since: Apr 13, 2012

Its just a dream, youre in fantasy land™ Yea wait another 5years®

2. Omar-BHR95

Posts: 184; Member since: Dec 23, 2012

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

9. TreyTreyTaylor

Posts: 728; Member since: Dec 21, 2010

Very true.

18. TROLL

Posts: 4851; Member since: Apr 13, 2012

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

20. faisal8708

Posts: 104; Member since: Nov 15, 2011

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

3. kaliil10

Posts: 146; Member since: May 16, 2012

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

4. xperiaDROID

Posts: 5629; Member since: Mar 08, 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! :)

8. asingha94

Posts: 295; Member since: Apr 08, 2012

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

12. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Give you some good reason? You need to ask yourself, it is your choice! :)

11. eisenbricher

Posts: 973; Member since: Aug 09, 2012

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

13. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

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

30. superstar

Posts: 30; Member since: Apr 14, 2013

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

63. akki20892

Posts: 3902; Member since: Feb 04, 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,,,,,,,,,,,!!!

6. srimob

Posts: 8; Member since: Mar 15, 2013

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

7. CardiWPfan

Posts: 129; Member since: Sep 12, 2012

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

10. pitak

Posts: 23; Member since: Feb 23, 2013

no moreAshas and Symbian only windowsphone nokia

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

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