Nokia revenues slide 21% but Lumia sales reach a new number

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Nokia reported an operating profit of €118m in the third quarter of 2013, although it’s revenues fell 22% year on year to €5.7bn.

Nokia sold 36.1 million Lumia handsets since the first model launched in late 2011, although that figure is put into perspective by Apple’s 33.8m iPhone sales in the third quarter of 2013 alone, as well as the more-than 900m Android smartphones activated so far by Google.

Microsoft has agreed to pay €3.8bn for the mobile division  and a further €1.7bn for a 10-year non-exclusive license for its patents, with a further fee due for a four-year licensing deal for its HERE maps and location platform.

The acquisition is expected to close early in 2014, when Nokia will focus on its three remaining cor businesses: Nokia Solutions and Networks, HERE, and its Advanced Technologies R&D division.

Our strategy work is making good progress and it has already become clear that there are meaningful opportunities for all of our business areas: NSN, HERE and Advanced Technologies,” – Said chairman and interim chief executive Risto Siilasmaa in a statement.

The HERE division reported net sales of €211m in the third quarter, down 20% year-on-year, but converted a €56m operating loss into a €14m operating profit. Meanwhile, NSN’s net sales fell 26% to €2.6bn, while its operating profit slipped 9% to €166m.

We’ll let you know once Nokia reveals more plans regarding it’s Mobile Division.

Author: Daniel Costa View all posts by
Technology and Hardware Editor

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