Nokia warned its "devices & services" net sales in the first quarter 2012 were about 4.2 billion euros, down 41% from 7.09 billion euros in the first quarter of 2011. Nokia said it shipped 71 million mobile phones in the quarter (compared with 84.3 million a year earlier) and 12 million smart devices, compared with 24.2 million in the first quarter of 2011.
The Finland-based company said that "competitive industry dynamics.. negatively affected net sales in the mobile phones and smart devices business units, particularly in India, the Middle East and Africa and China."
In the first quarter 2012, Nokia said it sold more than 2 million Lumia devices, which run Microsoft's Windows software, at an average selling price of approximately 220 euros (reported within the smart devices business unit). It added that "the Windows Phone ecosystem is also attracting developers and has expanded rapidly with more than 80,000 applications available." source: Nokia statement
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