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| Nokia Lumia's |
The handset maker reveals a loss of 115 million euros and up to 440 job cuts.
Nokia sold 7.4 million Lumia phones in the second quarter of 2013. Sales of the Windows Phone devices climbed by a third, although the total number of Nokia phones sold declined, leading to an overall loss of 115 million euros ($150 million) and the possible loss of 440 jobs.
Sales of Lumia Windows Phones climbed by 32 percent over Q1, helping Nokia's device and service division earn 2.7 billion euros in the second quarter. That's a drop of 24 percent compared to this time last year, as feature phone sales continued to decline.
Nokia boss Stephen Elop highlighted the Asha 501 budget phone as contributing towards "signs of recovery" in phone sales, but admitted that the Finnish company is "planning to take actions to focus its product offering and improve product competitiveness." That includes cutting up to 440 jobs in the global mobile phones division, although some staff may be redeployed.
Discussing sales of Lumia phones, which reached a quarterly high, Elop also highlighted the wallet-friendly Lumia 520 as having had a "strong start" in various markets around the world, including the US, UK and China.
Between January and June this year, Nokia Group's total sales brought in 11.5 billion euros, a fall of 22 percent since last year. It's another round of disappointment for what was once the biggest phone manufacturer in the world: Nokia posted both a loss and a decline in overall revenue in the first three months of the year.
This time last year the Finnish company posted a $1.7 billion loss, though Lumia sales jumped.
Last week a smiling Stephen Elop unveiled the Lumia 1020, a 41-megapixel powerhouse of a camera phone that goes on sale on 26 July. Elop no doubt hopes the new phone will help keep him smiling when Nokia's accountants tally up this quarter's results.
Correction at 6 a.m. PT: The currency conversion for 115 million euros to dollars has been fixed.
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