Nokia sells a record 8.8m Lumias in Q3, posts modest profit

Nokia sells a record 8.8m Lumias in Q3, posts modest profitIt arguably doesn't really matter much any more now that the Microsoft buyout has been agreed, but Nokia's latest quarterly figures [PDF] are out and show that the Finnish phone giant sold a record 8.8m Lumia smartphones in Q3.

That compares to 7.4m in Q2 and just 2.9m this time last year, but while the company overall saw a modest profit of €118m, the Devices and Services division still came in at a loss of €86m.

The boost in Lumia sales has a lot to do with Nokia finally picking up some kind of sales momentum in North America, where a higher-than-expected 1.4m Lumia units were shifted.

As for feature phones, they continue to be by far the greatest sellers for Nokia in terms of pure numbers. A total of 55.8m Asha phones sold over the three months ending in September, but while that's slightly up on last quarter's 53.7m it's well down over last year's 76.6m.

The overall €118m profit marks only the second quarter of profitability Nokia has posted since the Windows Phone strategy shift in early 2011, with the other being last year's Christmas quarter – always the strongest for consumer tech companies.

And looking at the figures, the decision to accept Microsoft's buyout offer does actually seem to be the right one from a purely financial point of view.

Nokia's profit for the quarter without its Devices and Services division – the bit Microsoft has bought – comes in even higher at €204m. That's hardly stellar, but if you look over the past two years, the part of its business Nokia has sold has consistently been the part that's lost the most money.

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4 comments

JanSt / MOD  Oct. 29, 2013 at 20:19

I shan't bore you all again with my hatin' on Microsoft. But that aside, I used the Lumia 925 for 9 day. I have to say, to tile or not to tile: it's a great phone.
Yes, some idiotic quirks, some missing this and that, but it's usable. The camera is outstanding.
It's fast overall, And it uses less data than ioS and Android for the same online chores. The browser and keyboard, imho, beat Android's stock by miles. Dito the email client. App shortage aside: there are some very good WP apps. I also love Nokia's Glance screen and the double tap to wake the phone a la MeeGo/N9. With all those broken power buttons in the world I don't understand how that hasn't become an industry standard.

I can't quite bring myself to part with my money to keep the Lumia, but I can understand now why people can "love" the 925 or 1020.

So... well. Done.

madstock  Oct. 29, 2013 at 21:44

I shan't bore you all again with my hatin' on Microsoft. But that aside, I used the Lumia 925 for 9 day. I have to say, to tile or not to tile: it's a great phone.
Yes, some idiotic quirks, some missing this and that, but it's usable. The camera is outstanding.
It's fast overall, And it uses less data than ioS and Android for the same online chores. The browser and keyboard, imho, beat Android's stock by miles. Dito the email client. App shortage aside: there are some very good WP apps. I also love Nokia's Glance screen and the double tap to wake the phone a la MeeGo/N9. With all those broken power buttons in the world I don't understand how that hasn't become an industry standard.

I can't quite bring myself to part with my money to keep the Lumia, but I can understand now why people can "love" the 925 or 1020.

So... well. Done.


Nicely said, Jan; I have been fairly WP fanatical for some time now (800>900>920>925>1020), with my wife (800>900>520>925>1020), daughter (710>720>925) and even mother-in-law (800) being converts to the cause.

Why? It just works. (By which I mean "It works without any effort" as opposed to "It just about muddles through").

Incidentally, I noticed that Three Ireland picked up the 925 today at about twelfty-bajillion Euros on Sim-Free, so doubtless you will be able to pick one up at a decent price after Christmas.

JanSt / MOD  Oct. 29, 2013 at 23:00

hahahaha...
I think if I do go for a Lumia, I'd treat myself to the 1020.
I quite like a good camera at hand.

alex0859532419  Oct. 30, 2013 at 14:58

Good

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