Today, Nokia declared its Q1 2013 Results. Altough the company has declared a loss of $150 million, the results are better than market expectations.
In the first quarter of year 2013 that ended on 31st March 2013, Nokia reported revenues of $7.7 billion and managed to sell 5.6 million Lumias, which equates to a 30 percent increase in handset sales over last quarter.
As for earnings are concerned, Nokia reported a net profit of $236 million using the non-IFRS accounting method however when we consider the stricter IFRS rules, the company actually lost $150 million, but that still far better than the $1.7 billion loss it made in the same quarter of 2012.
During the quarter, Mobile Phones sales volume has decreased by almost 30% but that is mainly on the non-smartphone front and the Lumia smartphone series is at an all time high. Unfortunately for the company, it seems they are still having trouble penetrating the North American market with only 400,000 units being sold there.