Menu
Nokia sold 8.8 million Lumia smartphones in Q3

Nokia sold 8.8 million Lumia smartphones in Q3

Nokia reported a net loss of €91 million, down from €959 million a year earlier

Nokia once again sold a record number of Lumia smartphones during the third quarter, helping the company narrow its net loss.

The company reported third-quarter sales of €5.66 billion (US$7.79 billion), down 22 percent year on year, and a net loss of €91 million, down from €959 million a year earlier.

Nokia sold a total of 64.6 million mobile phones during the third quarter, including 8.8 million Lumia devices. A year earlier, it sold 82.9 million phones, of which 6.3 million were smart devices, including smartphones running both Windows Phone and Symbian.

Two major things happened at Nokia during the third quarter: It announced plans to sell its Devices & Services business to Microsoft, and completed the acquisition of Siemens' stake in what is now called Nokia Solutions and Networks.

Nokia's shareholders are scheduled to vote on the Microsoft deal next month. If all goes well, the transaction is expected to close in the first three months of next year.

"From Nokia's perspective it's business as usual until the deal is approved by shareholders and gets regulatory approval. Given where Windows Phone is, maintaining momentum is incredibly important for both Nokia and Microsoft. The bottom line is that they can't afford to be distracted," said Geoff Blaber, CCS Insight's vice president of research for the Americas.

Once Microsoft has taken control, it has a huge number of decisions to make, including brand alignment, how the devices business should structured within Microsoft, and the level of autonomy it should have, according to Blaber.

"That will likely be a challenging integration process. But obviously the faster it is, the better," Blaber said.

Send news tips and comments to mikael_ricknas@idg.com


Follow Us

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags mobilesmartphonesNokiatabletsbusiness issuesfinancial resultshardware systemsconsumer electronicsMobile OSesWindows Phone

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments