Nokia Sold “Well Over” 1 Million Lumia Phones To Date, Posts €1 Billion Q4 Loss

Nokia earnings are out, and the contrast with Apple's blow-out quarter results is astonishing. The Finnish phone maker, still the largest in the world by volume, reported a Q4 net loss of 1.07 billion euro, down from a 745 million euro profit in the fourth quarter of 2010. The company's smartphone sales decline paints an even bleaker picture: Nokia sold 19.6 million units in Q4 2011, down a whopping 31 percent compared to the same quarter a year ago (even though it's up 17 percent from Q3 2011 thanks to somewhat decent Lumia sales). Nokia says it sold "well over" 1 million Lumia devices to date (not just in Q4) and that it plans to bring the Lumia series to additional markets - including China and Latin America - in the first half of 2012.

Source: http://techcrunch.com/2012/01/26/nokia-sold-well-over-1-million-lumia-phones-to-date-posts-e1-billion-q4-loss/

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