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Nokia's sales on the rise in North America, 8.8M Lumias sold in Q3

Nokia managed to increase sales significantly in North America during the third quarter, could spell success for Microsoft deal (NYSE:NOK, NASDAQ:MSFT)
| Business, Financial & Legal News | Posted: Oct 29, 2013 3:25 pm

When Microsoft announced that it would be acquiring the Finnish smartphone manufacturer Nokia, many analyst asked why Redmond would buy a company that some saw as a slowly dying giant. Today Nokia released their third quarter financial results, and it appears that the landscape has changed for Nokia and Microsoft.




During the last quarter Nokia managed to sell 14.7 million phones, of which 8.8 million were Lumia devices running Microsoft's Windows Phone operating system. During the second quarter of 2013, Nokia only managed to push out 11.7 million phones total which means that 3 million more phones went out the door in Q3. Virtually all of the company's sales growth came from North America, which means that Microsoft stands to do well in 2014 with its new smartphone division if they can keep the momentum up.Additionally, operating profits were at $162 million on a total revenue of $7.8 billion.


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