Nokia Sales Fall by One Quarter

Nokia said its net sales fell 25% year-on-year at constant currencies to 5.7 billion euros in the second quarter, dragged down by a 33% decline in sales in its devices and services division and a 17% fall in revenues at Nokia Siemens Networks. The decline was particularly steep in Greater China.

Nokia said total smartphone volumes increased quarter-on-quarter to 11.7 million units from 11.1 million units in the first quarter 2013. The 11.7 million figure was composed of 7.4 million Lumia smartphones and 4.3 million Asha full-touch smartphones.

Stephen Elop, Nokia CEO, said: "We are very proud of the recent creations by our Lumia team, from the Lumia 520 - our most affordable Windows Phone 8 product which has enjoyed a strong start in markets like China, France, India, Thailand, the UK, the US and Vietnam - to the Lumia 1020, our star imaging product which we unveiled to the world last week. Overall, Lumia volumes grew to 7.4 million in the second quarter, the highest for any quarter so far and showing increasing momentum for the ecosystem." source: Nokia statement