Tuesday, October 29, 2013
Nokia Continues to Shrink
Nokia reported a 18% year-on-year decline (at constant currencies) in sales in the third quarter to 5.66 billion euros. Sales in the devices and services division, which Nokia is selling to Microsoft, fell 16% (at constant currencies) to 2.9 billion euros, while sales in NSN (the networks business) were down 21% to 2.59 billion euros.
Device shipments were down 22% year-on-year to 64.6 million units in the third quarter. Nokia said that sales of its Lumia smartphones, which run Microsoft's Windows software, increased to 8.8 million from 2.9 million in the same period of 2012. source: Nokia statement
Labels: More mobile equipment
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