Latest in Financials

Image credit:

Nokia sells 8.8 million Lumias in Q3 as US demand skyrockets

Sharif Sakr
10.29.13
288 Shares
Share
Tweet
Share
Save

Sponsored Links

Nokia has just released its interim report for Q3 2013 and, although its overall financial situation is still a bit muddy, it's clear the company is starting to see real success in the US. Thanks to a burgeoning range of Lumia devices and a big marketing push to go with them, the Finnish manufacturer saw smartphone sales in North America increase by almost 400 percent to 1.4 million units, up from just 0.3 million in the same quarter last year. This growth, alongside worldwide popularity of the budget Lumia 520, helped to push global Lumia sales up by almost a fifth, reaching 8.8 million units in the space of three months.

Nokia didn't fare so well in other regions, however, where overall device and service sales continued to fall, reflecting droopy demand for its older product lines. This caused a steep 22 percent drop in total revenue compared to last year, although the company still managed to scrape an operating profit of 118 million euros. Overall, it's clear that Lumia sales aren't yet sufficient to balance out problems in other areas, but they certainly seem to be enough to keep the company relevant until it can step under Microsoft's umbrella next year.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
288 Shares
Share
Tweet
Share
Save

Popular on Engadget

The 2019 Engadget Holiday Gift Guide

The 2019 Engadget Holiday Gift Guide

View
States sue to prevent EPA from revoking state emissions powers

States sue to prevent EPA from revoking state emissions powers

View
Recommended Reading: The 15th anniversary of 'Halo 2'

Recommended Reading: The 15th anniversary of 'Halo 2'

View
The Morning After: iFixit looks inside the 16-inch MacBook Pro

The Morning After: iFixit looks inside the 16-inch MacBook Pro

View
Netflix tweaks 'Devil Next Door' documentary after Polish PM complains

Netflix tweaks 'Devil Next Door' documentary after Polish PM complains

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr