Nokia releases Q3 2012 financial report

Finnish mobile phone maker Nokia, which just released its financial report for Q3 2012, has revealed that its Asha range of advanced feature phones performs significantly better than its Windows Phone-powered Lumia smartphones in terms of quarterly sales. According to the financial report, sales of Nokia Asha handsets amounted to 6.5 million while there were only 2.9 million Lumia smartphones shipped in Q3. This is down from 4 million in the last quarter, and is attributed to customers waiting on models running the latest version of the Microsoft OS, Windows Phone 8. The situation may look grim for Nokia at the moment, but sales is expected to pick up once its latest Lumia models become available next month.

What Else You Need To Know

  • Numerous reports indicate that the loss in sales is a result of Nokia announcing its Windows Phone 8 handsets ahead of release and causing customers to wait for them to arrive instead of buying older models.
  • The Windows Phone 8-powered Nokia Lumia 920 is set to become available exclusively through AT&T for a period of 6 months.

Other sources

Things ain't going well for Nokia. Their quarterly results are - again - a disaster. - Thom Holwerda, OS News  
Of course, it’s too early to say Nokia is completely on the road to recovery but the signs are at least positive and let’s not forget the manufacturer could still benefit hugely from the arrival of Windows Phone 8. - Danny Brogan, Pocket-Lint  
Mobile Tech News
Nokia Releases Q3 Report  

Nokia Group net sales in Q3 2012 were EUR 7.2 billion, down from EUR 7.5 billion in Q2 2012.

Nokia's Q3 2012: $9.4 billion in sales, 2.9 million Lumias sold and losses trimmed to $754 million  

It also had positive news to report in its "mobile phone" business, where it sold 77 million dumb, feature and Asha handsets, the latter comprising 6.5 million of the total figure.

Nokia Lumia sales fall 28 percent in Q3 to 2.9 million, North American sales cut in half  

Nokia's had a challenging year transitioning to Windows Phone to power its range of smartphones, but Lumia sales have been slowly and steadily increasing quarter-on-quarter.

Nokia reports $754 million operating loss from $9.4 billion revenue  

Nokia CEO Stephen Elop told reporters and investors that Q3 was going to be a "challenging" quarter during a Q2 earnings conference.

The Next Web
Nokia’s Q3 2012: $754 million operating loss, $9.49 billion in net sales, 2.9 million Lumia phones sold  

Nokia says it sold 2.9 million Lumia devices, down from 4 million in the previous quarter (or 27.5 percent).

Phone Arena
Nokia sold 2.9 million Lumia Windows Phones in Q3 2012
Nokia releases Q3 2012 results: 2.9 million Lumia units shipped, $754 million operating loss
WM Power User
Nokia Financial Quarterly Loss Reduced To $754 million, Lumia Sales Declined QoQ
Mobile Crunch
Another Big Loss For Nokia In Q3: $754M Operating Loss, Only 2.9M Lumias Sold As It Waits On WP8 Launch
Nokia sales take a big hit as buyers pass on its smartphones