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Nokia Q2 2013 Results: Lumia sales up 7.4 Million, $150 million loss

Nokia announced their Q2 2013 financial results today. All overall things are slightly positive but still a mixed bag.

Nokia Logo

In comparison with the huge financial losses of 2012, Nokia is going a lot better, with overall loss at just 115 Million Euros (or about $150 Million), and a total revenue of 5.69 Billion Euros (about $7.4 Billion) which is solid in comparison with the $9.2 Billion lost in the same quarter last year. Smartphone sales are still growing though, with Lumia phones like the Nokia Lumia 520, Lumia 620 and Lumia 720 helping to accelerate growth in the mid and low range, with a total of 7.4 million Windows Phone 8 devices sold in the quarter.

Compared to the 5.6 Million Lumia phones sold in Q1 2013, and the 4.4 Million sold in Q4 2012, that’s pretty good growth.

Nokia also sold 4.3 Million Asha phones in the quarter, which is down from the 5 Million sold in Q1. Nokia no longer reports sales of their Symbian phones though, which stopped shipping a few weeks ago.

Apart from that, Nokia’s HERE mapping division lost 89 Million Euros (about $116 Million) while Nokia Siemens Networks made about 8 Million Euros (about $10.4 Million) worth of profit.

All in all, I really think the results are positive. Lumia sales are up 32 percent quarter-on-quarter which is definitely a good thing. They’re starting to approach the ASP of the Symbian days but hardware is more expensive, and they’ve had a lot of layoffs in the last one year. Nokia has a problem competeting in the high end, but hopefully the Lumia 1020 will change that.

This quarter we’ll see the Lumia 1020 and the Asha 501 sell in more countries and parts of the planet, which should hopefully make for a more positive next quarter.