A very accurate predictor of the current Quarter smartphone sales trends is a population-weighted average of the most recent Kantar numbers of the current quarter, compared to the previous quarter. We've now seen the pattern for many quarters and Kantar's numbers foretell very accurately what is the global reality on a very short term view, ie now in late December, with November sales data, we have a good view to Q4 (October-December) quarter sales.
Windows Phone 8 was supposed to excite the world and restore Microsoft and Windows to smartphones (yeah, when have we heard that before, and before, and before, and before). Nokia's brand new Lumia 920 and 820 were supposed to be the best Windows Phones ever made and somehow magical in restoring Nokia's past glories from America to China. With the parallel launch of Windows 8 for the PC environment, the Microsoft powered ecosystem was supposed to be on a big comeback. Well, I don't specialize in the PC world but rumors from that side suggest Windows 8 has been far worse in its early adoption than say Windows 7 was. This does not suggest a glamorous Christmas Quarter for Redmond on its main business. Well, at least we have the new Nokia Lumias and the HTCs and Samsungs and others doing the 'magnificent' new Windows Phone 8 smartphones, right? Enter Kantar.
KANTAR SUGGESTS WINDOWS PHONE SALES ARE DOWN FROM Q3 !!
Kantar always gives us some of its markets it studies, not all. This time from the November 2012 stats they published, we have a good comparison to September Kantar data (both before Windows Phone 8 launched, and data that was reported in Q3). The regions that Kantar reported both in September and November are the European big 5 countries ie EU5 (Germany, France, UK, Italy and Spain), plus the USA, Australia and Brazil. When we take the population-weighted averages of those four regions, and calculate the Windows Phone market share then and now, we get this finding:
Kantar numbers population-weighted average for these 4 regions in Q4 suggested a global average market share for Windows Phone to be 5.3% (don't worry that the reality was only 2%, remember this is not a 'globally representative' sample of Kantar data, this sample strongly over-samples Windows OS's best markets, USA and Europe, and ignores the huge smartphone markets where Windows is negligable, such as China, India and Japan. The point we want, is to compare Kantar last quarter vs Kantar now.
What does Kantar measure for those same four regions now, for November? The weighted average of those same four regions says Windows Phone new sales market share has fallen to 3.8%. Yes, a drop of one third! So what was 1.9% global Windows Phone market share in Q3, these Kantar measurements suggest that after Windows Phone 8 was launched, the global market share for Windows Phone is now crashing to 1.3%. We rounded it to 2% last quarter (was almost 3% in the previous quarter) and Kantar numbers suggest we will round off the Windows Phone market share for Christmas at 1%. That is catastrophic.
Now, remember, the Christmas Quarter, Q4, October to November, does always feature a big jump in smartphone sales. I am modelling a 30% jump from Q3 data. So while the Windows Phone market share is down by a third (according to Kantar measurements) the actual sales are not down by much. If the global smartphone market grew 30% for Christmas, then the total global Windows Phone sales (both platforms, old Windows Phone 7.x and new Windows Phone 8) would be about 2.9 million units.
By The Way.. I did warn you, that the new Lumia 920 and Lumia 820 sales will underperform at Nokia compared to the first Windows Phone launches a year ago. I explained what factors were wrong, mostly in the executive management by Stephen Elop the CEO, who raised prices, not lowered them - raising prices means less sales. Who also limited his carrier relationships, limited distribution means less sales than broad distribution. Etc Etc Etc. I told you so...
ANY OTHER CONTRADICTORY DATA?
But wait, how about China! Yeah, Nokia's Lumia 920T that will launch for China Mobile on the Chinese proprietary 3G standard, TD-SCDMA, will not launch until January. So no help there. What of other Chinese smartphone sales on Windows? Informa has just reported that Windows Phone market share in China is 1%. When Analysys, Gartner and IDC have given China numbers for their latest reports, none mentioned Windows Phone at all, it is that small.
So don't expect miracles out of China. What other news? HTC is so disappointed in Windows Phone 8, it is withdrawing its lowest-price (best-selling) Windows Phone smartphone, the 8C from many markets including the US. And Samsung? Is focusing on its new Tizen devices for next year, don't expect Sammy to waste too much of their marketing efforts on the undesirable Windows platform right now.
Kantar numbers suggest Windows Phone, after Windows Phone 8 has launched, will still sell less than Windows Phone did in Q3? That is very bad news for Microsoft and for Nokia. But now lets look at the shocker.
SYMBIAN SALES GROWING SUGGESTS KANTAR
And this second bit of data must be devastating for Espoo and anyone near Nokia strategy. It is now 9 months from the last new Symbian based smartphones released by Nokia. The model range is obsolescent. The customers are being peddled new Windows Phone based smartphones instead. Yet those old pesky Symbian based Nokia smartphones have many of the features and abilities that Nokia owners want - like great cameras, like real physical QWERTY keyboards, etc. And what does Kantar data suggest? Those 4 Kantar-reported regions, weighted average suggested Symbian sales in Q3 of 7.7% in these four regions. And now? They suggest 7.5% market share for the same four regions. After we factor in the growth in sales for the Christmas quarter, the data suggests Nokia Symbian sales have jumped from 3.3 million to 4.3 million !!!
KANTAR NUMBERS SUGGEST 6.8 MILLION TOTAL NOKIA SMARTPHONE SALES
Like I said, the Kantar numbers are very accurate in short-term forecasting smartphone OS platform performance for the current quarter. And these findings suggest total Nokia smartphone sales of 6.8 million units for Q4 which they also suggest, would split 4.3 million on Symbian (and MeeGo), and 2.5 million on all Lumia, old and new, on Windows Phone. So compared to Q3, when Nokia only sold the 'undesirable' and suddenly 'obsolete' early Lumia smartphones, and now when the new Windows Phone 8 has launched, Nokia Windows based smartphone sales would be down by 13% while the industry grew 30% in the same period (real effective loss in unit sales of 43% in a 3 month period, after the new platform had launched). I call this a disaster.
And the customers? They refuse Windows Phone but they still accept Symbian (and MeeGo). So Symbian/MeeGo sales would be up - based on the Kantar numbers - from 3.4 million in the last quarter to 4.3 million now - an increase in absolute terms of 27% in Symbian sales from 3 months ago, but after we factor in the market growth, its slightly less than the 30% growth of the market, so Symbian would only lose 3% of its share in this past 3 months - with utterly obsolete and uncompetitive phones! (and zero management support of any kind). Incidentially, my recent spot-check of Chinese online sales of handsets found two Lumia devices as Nokia's bestselling smartphones in China. And two Symbian devices - the 808 Pureview and ... the N8 !!! (Why does moron-CEO Stephen Elop not give us a Lumia with 12mp camera, if the N8, at two YEARS of age, still is a top 5 bestselling smartphone in the biggest smartphone market on the planet? Hello?)
And do you really want to cry? Nokia' second best-selling smartphone in mid December online sales in China was.. the N9 running MeeGo. A smartphone that is 15 months old, but still outsells all Lumia smartphones except one and outsells all Symbian smartphones by Nokia. Why is idiot Elop not fully supporting the N9, selling this magnificient smartphone in every market, and launching its sister phone the N950 to the world? What is wrong with the brain of the CEO? And why is the Board still allowing the clueless Microsoft Muppet to run Nokia. He should have been fired long ago. The worst CEO of all time! (PS the continued very strong sales of the N9 and MeeGo suggest very promising starts for two new smartphone operating systems that launch next year - Sailfish the MeeGo next version that will power Jolla smartphones from Finland; and the Tizen alliance which will see first smartphones launched by Samsung and Lenovo in 2013. Tizen is what Samsung too of Nokia-discarded MeeGo and its partnership, and transformed now as a Samsung-led Tizen alliance. With such partners - PARTNERS - as NTT DoCoMo, Sprint, Telefonica, SK Telecom etc - some of the biggest mobile operators/carriers in the world)
If Nokia smartphone overall number is 6.8 million for Q4, that would be slightly up, 8% up, from Q3 and no doubt, the snake-oil-salesman ultimate spin-doctor-in-chief Stephen Elop of Nokia would proudly celebrate that his smartphone unit had growth. Don't be fooled, as the market grew 30%, it means effectively Nokia lost more than one fifth (in mathematical terms, the competitive decline is 22% of its market share last quarter) of its feeble remaining market position just over the past 3 months. Not 'grew by 8%' but rather, lost one fifth of what remained. Nokia's market share in smartphones - which was 29% just 24 months ago - would now fall from 3.7% in Q3 to 2.7% now in Q4. This, if Kantar's numbers are accurately indicating the total global market reality. Do remember, that Brazil is included in this data, so its not just the rich world markets we are looking at.
WINDOWS PHONE EVEN WORSE
And Windows? The Kantar numbers do suggest Windows Phone sales collapsing from Q3 to Q4. Market share falling from 1.9% to 1.3%. Total global Windows Phone sales falling from 3.3 million in Q3 to 2.9 million now in Q4. What collaborative data do we have? We hear that in most markets the Windows Phone based Nokia Lumia smartphones have been selling out. Selling out sounds good. Until we see what trick Nokia CEO has now been playing. The Next Web quotes Elop and runs a story on 20 December explaining that Nokia has deliberately run low initial rates of Lumia 920 and 820 unit production for Christmas, to help create buzz and demand and a feeling of success. Elop admits in his CNet interview on 21 December that "there's frustration due to limited supply. Our focus is on broadening distribution."
Deutche Bank analysts have severely downgraded their Lumia sales numbers saying their market checks reveal far lesser actual sales than initial hype suggested. And remember, if the mix of Windows vs Symbian phones is now reversing to more Symbian, it means Nokia average sales prices would plummet for Christmas, and likely loss-making in the smartphone unit again increase. Last Quarter the Windows Phone unit made a 49% loss per every Lumia smartphone sold. How much worse can it get?
Then the other Windows Phone partners? I mentoined HTC reducing its Windows Phone 8 offering, including pulling the HTC 8C from many markets and not launching its large screen Windows Phone smartphone. HTC is focusing on where the profits and customers are - on Android obviously.
We'll see soon enough in January, but yes, I am now quite confident in my previous early gut-feeling forecast number that 6.8 million is roughly the level of Nokia total smartphone sales for Q4. The mix of Lumia on Windows Phone vs Symbian is very likely to switch to more Symbian!! So I expect Nokia to have about 63% of its smartphones now in Q4 running still on Symbian/MeeGo and only 37% running on all variants of Windows Phone.
Meanwhile, globally, Windows Phone would have something in the order of 1.3% market share for Christmas and sell 2.9 million units. It would still remain smaller than Symbian now 22 months after Elop decided to sacrifice Symbian and MeeGo instead of Windows Phone. When Palm - once the world's second biggest smartphone platform - had fallen to about 1% market share (and very unprofitable), it had its mercy killing, being sold to HP and ended. How long will Ballmer keep the massive-losses-generating Windows Phone platform even alive? It will soon go the way of the Kin and the Zune and Microsoft will shift its focus only on the PC and tablet side of the Windows 8 operating system.
How long does Nokia have as a company? I said a year ago it was a dead-man-walking. I expect Nokia to be sold any day now.. In reality, lets see how the US fiscal cliff is sorted out, some sanity and stability is restored to Wall Street, and perhaps all those giant tech and consumer electronics giants sitting on billions of cash, will finally feel it safe enought to start the bidding war on the corpse that is Nokia, mostly obviously for its rich patents portfolio - did you notice again, Nokia picked RIM's pockets again on a patents fight, like it did with Apple about a year ago, etc. So realistically? Lets say a good time frame for when the Nokia take-over battle will happen could be around February-March'ish of 2013.
For those who took part in our Crowd-sourced forecast, remember, a little over a year ago, I asked my Twitter followers to suggest what market share Microsoft Windows Phone would have now at Q4 of 2012. The forecasts ranged from 0.4% to 43.2% with the average suggested at 10.1%. Haha, if Kantar numbers do foretell a reality near 1.3%, then currently the nearest guesses are with Gibson Tang, Maarten Lens-FitzGerald, Josie Fraser and Ben Fletcher. Good luck to all contestants. See the full contest and all entries here: Crowd-sourcing a forecast for Windows Phone.
Note: an early edition of this blog posting mistakenly identified the HTC handset as 8X when it is the 8C that is being pulled. The blog is now corrected.
One plug - For anyone who needs data and numbers on the handset industry, remember my TomiAhonen Phone Book with all the charts, numbers, data you would ever need to know, in a convenient pdf eBook formated for small screens so you can carry all the data right on your tablet or smartphone.
@Derek
"WP is improving fast now but you choose to ignore it."
Yeah yeah, we heard that one before. Several times already.
Posted by: Winter | April 03, 2013 at 10:30 AM
Numbers by themselves do not mean anything.
Far more important is an analysis how these numbers came to be.
And for Windows Phone one huge factor is still missing from the picture - in fact it's the most important factor of all:
What's the distribution of WP7/WP8 between these sales? If it's mostly WP7, the platform is doomed because all the sales are from clearing old stock at low prices. If it's mostly WP8, it may still have a chance. Right now my bet is on the former but we just don't know. Anyway, picking up the pieces from the losers is not 'gaining traction' yet. For that we needs to see a different kind of growth.
The only people ignoring this are the WP fans, where it is a very important factor for the platform because both systems are mostly incompatible.
Posted by: Tester | April 03, 2013 at 11:21 AM
@Derek:
What's in here for you, if I may ask?
Does a world outside Windows Phone even exist for you? Sorry, but for me you look like a paid company plant to spread misinformation by cherry-picking favorable numbers.
Even with recent gains, WP performance in the market is utterly pathetic.
Yes, it gained a bit. No, it's not a turnaround. WP isn't taking any market share away from the big 2 and the real competitors will only enter the market later this year. Until then it may be the system of choice of the eternally unhappy who have to have the outsider's product.
Let's be blunt: The only reason WP even sells is some die-hard Nokia fans upgrading their old phones. Boy, are they in for an unpleasant surprise... :P
Posted by: RottenApple | April 03, 2013 at 09:27 PM
>> The two currently big didn't gain their marketshares so quickly either.
That may be true but there's one major difference between the rise of iOS and Android compared to WP now.
Back then both systems had to fight against antiquated platforms that were destined to become obsolete by default. It took some time to create awareness which resulted in a slow start but the result was inevitable. The market was hungry for something better.
The situation is different now.
The recently announced Android phones are going to run circles around everything else in the market and even leaving those out, the 3 platforms are mostly on par when it comes to technical features.
None has any significant technological advantages over the others so unlike with the rise of iOS/Android which had no serious competition WP now has to face two behemoths which already control 90% of the market. None of them is going away any time soon - quite unlike the aging Symbian and Blackberry platforms from the past.
Posted by: Tester | April 03, 2013 at 10:11 PM
What do you think about the latest Kantar numbers?
http://allaboutwindowsphone.com/news/item/17651_Kantar_data_shows_continued_Eu.php
Windows Phone again gaining share. Also in US.
Posted by: Simon | June 05, 2013 at 12:22 PM
Let's just answer your question with a direct quote from the linked article:
>> This is because, within a given market, sales volumes of mobile phones are volatile, subject to peaks and troughs in response to handset launches, promotional activity, and price changes. For example, the UK market has benefited from relatively heavy promotion of the Nokia Lumia 620 in March and April.
Comparing with 12 months ago is relatively meaningless because at that point WP wasn't doing much at all. It's almost impossible to tell how much of these sales comes from cost intensive promotions and how much is natural sales with a higher profit margin.
At the end of the day the only thing that matters is whether it's enough for Nokia to survive (because if Nokia fails, WP is dead.) If they pump volume into the market below cost all the increases won't mean much - and the final answer on this particular point is still open.
Speaking as a developer, my employer's position still is to wait and see. If a WP version can be done for cheap, yes it'll be done. If it's not, though, we skip it and move on to the next Android/iOS project. WP is still not commercially viable for us.
Posted by: Tester | June 05, 2013 at 03:27 PM
Hope dies last, it seems.
The problem with the article is that it only lists the WP numbers and not the entire picture. If you look at it all together things do not look that great.
In most markets where WP experienced 'strong growth' the growth of Android was significantly stronger. WP is essentially just converting the remains of Symbian (as in converting old Nokia customers to their new hardware)
Whether this kind of growth can be sustained once Symbian is gone remains to be seen.
Yes, WP is third, but no, that doesn't make it a success - it's still first among the losers, nothing more.
The most worrying thing buried in all that data is where the focus of WP sales is - and it's not at the high end but at the low price range. Yes, that's also true for Android but Android can counter this with a market share that's 10x as high as WP.
What this particular tidbit boils down to is, that even if WP grows, there's very little economic motivation to support this platform as strongly as iOS and Android - limiting its appeal to the resistant fanboy base and uninformed former Nokia customers which just buy now what they bought before.
Anyone interested in a strong app ecosystem will have to look elsewhere.
As for this particular gem:
"with Windows Phone now in a position where it is possible to see future growth, resulting in a market share nearer the level of iOS (16.6% in Italy, 26.8% in the UK"
Yes, sure, one can dream. This reminds me of the ridiculous claims IDC made 2 years ago. I tell you a little secret: This won't happen! For this WP had to actively steal customers from iOS and Android and those would be stupid to switch!
Concerning the lowest price segment. WP won't stand a chance there. Android can go much cheaper and once Firefox OS gets released there will be a true low end platform attracting the customers who don't want to pay for a real smartphone while still getting most of the features. This segment, however, is where most of the future growth will lie, i.e current feature phone users replacing their hardware.
Posted by: RottenApple | June 07, 2013 at 10:44 AM
Latest Kantar numbers, WP gaining again also in US:
"Through the 3 month period ending May 2013, Android continues to lead smartphone sales at 52%. Close behind is iOS with 41.9% of sales. Windows remains in third with 4.6% of sales, up 0.9% versus the same period last year"
http://www.kantarworldpanel.com/global/News/news-articles/Apple-closer-to-Android-in-the-US-as-Carrier-Distribution-Grows
Posted by: Simon | July 08, 2013 at 12:08 PM
@Simon
Windows had 5,6% in states in the previous measurement you linked here. So even though YoY numbers suggest otherwise, WP market share is down, not up.
Only even slightly positive news there is that WP has kept third position over BlackBerry.
Posted by: AndThisWillBeToo | July 09, 2013 at 05:37 AM
What is the volume of sold Nokia WP -phones per quarter when you admit that WP/Nokia Smartphones are doing ok? 5M, 7M, 10M, 15M or more? All the time you say that "no it doesn't mean anything" if someone posts promising info here. They are gaining market share almost everywhere as Kantar numbers show for example. And gaining much faster than smartphone market.
http://www.neowin.net/news/microsoft-windows-phone-sales-are-6x-faster-than-overall-smartphone-market
Nokia will sell more than 10M WP phones per quarter in this year.
Posted by: Simon | July 10, 2013 at 06:48 AM
@Simon
Tomi has been demanding that Elop promised "1 to 1 transition from Symbian to WP", i.e. at least 28.3M Lumias sold every quarter to replace Symbian (all time high) sales of 28.3M in Q4 2010.
Impossible number as it was all time high, seasonal Q4 sales and (unlike Tomi says) going to drop on Q1 if not otherwise then due to seasonal drop of global smartphone sales in Q1 2011.
And unlike Tomi says there never was a promise to do such, quite contrary the 20-F form says that already in Feb 2011 Nokia said they _won't_ be able to transfer their Symbian user base to Windows phone and that the _will_ see decline of sales in transition.
But apparently he will be happy with that. 28,3M/Q. Or then there's this:
https://twitter.com/tomiahonen/status/293861623431585793
he will probably stop demanding Elop to be fired before that. ;)
Posted by: AndThisWillBeToo | July 10, 2013 at 09:40 AM
@Simon
agreed. And it is a frustration beyond all belief to write here. If you don't give base for your arguments you're stupid troll. If you give base, your argument will likely be deleted. And nobody wants to use hour to dig up references and calculate numbers just to see their work gone in less than a second.
How was it? "Arguing on the internet is like running at the special olympics. Even if you win, you're still retarded."
Posted by: AndThisWillBeToo | July 10, 2013 at 10:08 PM
In some phase Nokia MAY sell WP phones OK amount and be profitable, but facts remains forever. "Windows only" strategy was a clear mistake and transition period was poorly executed. I doubt Nokia will be number one ever again.
Posted by: jj | July 10, 2013 at 10:11 PM
@ jj
This phase is very soon. If not this quarter (Q3/2013) then then next one (Q4/2013). Also the majority of analysts agree with that. Remember this, from Nokia Corporation Q1 2013 Interim Report, Elop said:
"At the highest level, we are pleased that Nokia Group achieved underlying operating profitability for the third quarter in a row. While operating in a highly competitive environment, Nokia is executing our strategy with urgency and managing our costs very well."
Devices & Services Q1 Result (EUR million):
"Operating profit (non-IFRS) 4"
http://press.nokia.com/2013/04/18/nokia-corporation-q1-2013-interim-report/
So already IT WAS profitable non-IFRS Q1 2013. Whole company 181M and Devices & Services 4M. Thats not much, but still profitable already.
Now the profits only will get bigger and bigger. Remember, that Nokia has been streamlining it's really heavy organization for past 2 year, so it will have nice profits even though it couldn't ever again sell more than 20M smartphones per quarter.
It's hard to establish a third platform basically from zero. Apple and Google also went through that period. Remember that it took 10 quarters for Apple to sell more that 10M per quarter. Lumias are only gone through 6 full quarters and 7th is going on right now. Lumias will sell over 10M sooner than iPhone did. In it's 7th or 8th quarter. Thats quite ok.
Of course Nokia considered using Android. But they saw that there was a very high risk that Android is dominated by one manufacturer (Samsung). Others are not doing so well. Nokia want's more than those "second line" Android manufacturers. I bet Nokia got better deal with MS when they went only with them. You can see already that Nokia gets special treatment from MS, unless they couldn't have utilised that 41Mpix camera cell for example.
Posted by: Simon | July 15, 2013 at 02:53 PM
@Simon:
>> This phase is very soon. If not this quarter (Q3/2013) then then next one (Q4/2013).
We've been hearing this for how long now? And so far nothing has changed. Nokia is still limping along without any significant change in sight.
About 'being profitable', yes, after accounting tricks that was true. Of course these accounting tricks are done to fool people like you.
Posted by: Tester | July 15, 2013 at 03:10 PM
@ Tester
Lumia sales have now passed BB as you will see in this weeks Q2 interim report. I've said all the time, that it will take some time, but Lumias will sell more than 10M per quarter sooner than iPhone did for example. And it really seems to go like that.
Even ignorant fools like you will see how Nokia HAS ALREADY NOW made the turnaround and WP Lumias are now gaining faster and faster.
Everything has changed, but you are too stupid to see it. Lumia sales are going up fast. People like Lumias and WP. Nokia is limping along without any significant change in sight? Haha :D Even analysts see it now, that Nokia is turning profitable again.
Posted by: Simon | July 15, 2013 at 03:32 PM
@Simon
"Everything has changed, but you are too stupid to see it."
Another factor is that we hear about this change in the next quarter since Nokia adopted WP7.
You tend to get a little skeptical after a few years of change lurking around the corner.
Posted by: Winter | July 15, 2013 at 06:03 PM
@Simon:
Yeah, right. Nokia is gaining momentum. According to your type it has been 'gaining momentum' continuously for the last two years - and after all that time they have nothing to show and are still hovering around 3%. And it's always 'in the next quarter when you see them finally taking off'. Sorry, the joke has run dry after all this time. Windows Phone is a dud - it has been out for enough time that - would it be a success - it'd have something to show by now.
Concerning Blackberry, big deal to pass a company which just now has only started to release up to date hardware. That's a true victory to pass a genuine loser!
Posted by: Tester | July 15, 2013 at 07:07 PM
@ Tester
I think you will see 7-8M sold Lumias in Q2 Interim Report which is in Thursday. And Nokia will give guidance to sell even more Lumias in this current quarter (Q3). So, it's happened now, the waiting is over. Now Nokia Smart Devices is also profitable again, as you will see. By a bigger marking than in Q1. As are NSN (which Nokia owns 100% now), Navteq/Here, Mobile Phones. Also patents are making nice profit.
Just see how the sales of Lumias have gone up; faster than iPhone did. That quite ok, even though the market is bigger. If you don't admit that Nokia/WP smartphones are gaining momentum, please explain what that is? Sales are going up and they are closing 10M per quarter? So they are gaining momentum.
@ Winter
Nokia said that the transition period from Symbian to WP is about 2 years. Now the Lumias have been in the market only 6 full quarters, not full 2 years (and not "few years" like you said). So they will have time until the end of this year. I think they might see sales of about 15M per Q4/2013 quarter (Christmas sales); thats quite ok transition from Symbian in 2 years. Will you admit that it's a succesful transition, if they will sale close to 15M Lumias in Q4?
Posted by: Simon | July 16, 2013 at 07:45 AM
@ Tester & Winter
What did I say? 7,4M sold Lumias in Q2. 303M profit (non-IFRS). NSN was very strong again. Nokia forecasts, that they will sell more Lumias in Q3.
Nokia is on the right path!
Posted by: Simon | July 18, 2013 at 11:48 AM