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Nokia sales down 24% on the same period last year

Press Release   •   Jul 19, 2013 10:27 BST

Nokia has reported its lowest level of quarterly mobile phone sales for eight years as shipments of its smartphones and basic devices continued to disappoint - further demonstrating the Finnish group's decline

The mobile phone company reported sales of 5.69bn euros ($7.46bn, £4.92bn) for the three months to the end of June, down 24% on the same period last year.

The company sold 53.7 million mobile phones during the quarter, down 27% on last year.

Nokia has now pinned its hopes on its Lumia smartphones to close the yawning lead of the market frontrunners Samsung and Apple.

Sales of its new Lumia phone, which run a Microsoft operating system, rose to 7.4 million in the second quarter. That is a rise of 21% from the 6.1 million sold in the first quarter.

Nokia's chief executive, Stephen Elop said: "We are very proud of the recent creations by our Lumia team.

"During the third quarter, we expect that our new Lumia products will drive a significant part of our smart devices revenue."

Analysts have said weak regular mobile phone sales for Nokia in the past two quarters showed customers are moving up to smartphones more quickly than expected but switching to rival brands.

Nokia has launched several handsets this year, including a €15 phone and new Lumia models, including its newest high-end model, the Lumia 1020, with a 41-megapixel camera.

But the new handsets, while impressing many critics, have failed to halt a shift to phones running Android software developed by Google.

Phones running Google's Android and Apple's iOS operating systems accounted for well over 90 percent of the global smartphone market in the first quarter, while Windows Phone handsets accounted for only around 3 percent

Nokia said it would restructure its mobile phone business and could cut up to 440 jobs globally, though some employees could move to newly created positions.

For more information on Nokia, see the latest research: Nokia

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