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Nokia narrows Q2 loss; Lumia sales reach record 7.4M, but U.S. sales slide 17%

Nokia Earnings Q2 2013

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

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.