Nokia on Thursday posted earnings results for the second quarter of 2013. The company narrowed its loss to €115 million, or approximately $151 million, which is a dramatic improvement from the €824 million loss the vendor posted in the same quarter last year. But Nokia’s Q2 revenue fell to €5.7 billion, or $7.4 billion, down substantially from the €7.5 billion in sales posted in Q2 2012. Where Lumia smartphone sales are concerned, Nokia sold a record 7.4 million handsets into channels during the second quarter. North American Lumia sales fell 17% from 600,000 units in Q2 2012 to 500,000 units in Q2 2013, however, despite the launch of Nokia’s first flagship Windows Phone 8 device for Verizon Wireless. Nokia’s total handset shipment volume fell 27% on-year from 83.7 million handsets in Q2 2012 to 61.1 million last quarter.

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.