Nokia shipped 5.6M Lumias during first-quarter

Nokia according weaker than expected earnings on Thursday, causation a transparent signal to partner Microsoft that it continues to struggle obtaining back on the monetary track.

It comes solely some days once Microsoft, Nokia’s partner within the smart phone area, same that it thinks the Finnish phone maker is doing “great,” and has no plans to roll out a Surface-branded smart phone of its own.

Lumia shipments were up by over twenty five % to five.6 million shipments throughout the primary quarter, up from 4.4 million throughout the fourth quarter. This falls in line with analyst expectations.

 

By comparison, in line with Reuters, Apple shipped near thirty seven million iPhones and Samsung leaped ahead with over sixty one million smart phones throughout the quarter.

Nokia same that its overall sensible device shipments destroyed simply half-dozen.1 million devices throughout the quarter — Lumia smart phones enclosed — moreover as Asha devices.

Looking ahead, the phone maker same that it estimates Lumia shipments to extend by over twenty seven % within the returning quarter

All in all, total sales were down by regarding twenty five % year over year.

Nokia chief government writer Elop noted that robust competition within the smartphone market was the most reason behind the autumn in phone sales.

The phone maker according a first-quarter internet loss on sales of five.85 billion euros ($7.64bn), or 0.02 euros ($0.03 cents) a share, down from zero.08 euros a year agone.

Nokia was expected to lose zero.04 euros ($0.05 cents) per share on revenue of half-dozen.63 billion euros ($8.73bn). Compared to the year ago quarter, however, once Nokia proclaimed associate degree operational loss of one.34 billion euros on seven.35 billion euroes in revenue, things square measure definitely trying higher this point around.

The company’s operational loss was one hundred fifty million euros ($195.9m), representing associate degree overall operational margin of -2.6 percent.

Nokia conjointly noted that it over the quarter with four.5 billion euros ($5.88bn) in money, down from four.9 billion euros ($6.39bn) money on an equivalent quarter a year ago.

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