Nokia Hits $7.7 Billion In Revenue For Q1 2013 With 5.6 Million Lumias

April 18, 2013

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Nokia may have seen an operating loss in Q1 2013, but the news isn't all bad. The company saw revenue of $7.7 billion and managed to sell 5.6 million Lumias, which equates to a 30 percent increase in handset sales over [url="http://www.engadget.com/2013/01/24/nokia-q4-2012/"]last quarter[/url]. As for earnings, Nokia put a shiny buff on them by trumpeting a net profit of $236 million using the non-IFRS accounting method. By stricter IFRS rules, it actually lost $150 million, but that still compares favorably to the vast billion dollar losses it made in the [url="http://www.engadget.com/2012/04/19/nokia-q1-2012/"]same quarter[/url] of 2012.

Of the Finnish outfit's handset sales, North America accounted for a mere 400,000 out of the 61.9 million sold compared to the 700,000 it sold last quarter, making it the only region that saw a decline during the period. Other regions, like China, saw a large bump in smartphone revenues, largely due to the popularity of pricey handsets like the Lumia 920. CEO Stephen Elop said the company's bullish on Lumia sales, considering the ([url="http://www.engadget.com/2013/03/02/nokia-lumia-928-possibly-seen-in-verizons-system/"]rumored[/url]) Lumia 928 coming to Verizon, along with the recently launched Lumia [url="http://www.engadget.com/2013/02/25/nokia-lumia-520-hands-on/"]520[/url], [url="http://www.engadget.com/2013/02/07/nokia-lumia-620-review/"]620[/url] and [url="http://www.engadget.com/2013/02/25/nokia-lumia-720-preview/"]720[/url]. He said that sales of other devices were a dark spot, however -- so the company's likely hoping all the new WP8 devices will offset those lost sales next quarter.