Nokia Q3 2013 sales at Eur 5.66 billion, 8.8 million Lumias sold


Nokia just published its quarterly earnings report for Q3 2013 and has reported sales worth Eur 5.66 billion in the quarter ending September. While sales have gone, profits have also increased at Eur 118 million which is a huge improvement over the Eur 115 million losses that it reported last quarter. 

The Finnish smartphone manufacturer has managed to sell 8.8 million Lumia devices in Q3 which is up from 7.4 million in the previous quarter. The increase in shipment can be owed to budget and volume segment phones like the Lumia 520. This is reflected by the smartphone ASP that is decidedly low at $143. The company has also sold 1.4 million Lumia devices in the US this quarter which is a 180% increase over the last quarter. Nokia’s Lumia series finally seems to be gaining some traction in its attempt to garner a significant market share. What makes this a bit sad is that this is likely the last earnings release before the entirety of Nokia’s Devices and Services business gets bought by Microsoft for $7.2 billion. Nokia will essentially be then relegated to their HERE Maps division that will focus on improving mapping technology. HERE Maps reported sales worth Eur 0.2 billion. The other half of Nokia will be NSN ie their network division that was slightly down at Eur 2.6 billion this year.

Author: Dhruv Bhutani

Your friendly neighborhood techie. Currently using a Pixel 2 XL. Catch him on Twitter (@DhruvBhutani) / Facebook .