Nokia is in the processor of selling its smartphone business to Microsoft, who will take over Nokia’s mobile and services division and also the Lumia brand.
Nokia has now announced its fourth quarter financial results for 2013, and they announced that sales of their Lumia smartphones declined for the quarter.
The year-on-year decline in discontinued operations net sales in the fourth quarter 2013 was primarily due to lower Mobile Phones net sales and, to a lesser extent, lower Smart Devices net sales. Our Mobile Phones net sales were affected by competitive industry dynamics, including intense smartphone competition at increasingly lower price points and intense competition at the low end of our product portfolio. Our Smart Devices net sales were affected by competitive industry dynamics including the strong momentum of competing smartphone platforms, as well as our portfolio transition from Symbian products to Lumia products.
Nokia did not release any information on exactly how many Lumia devices were sold in the quarter, in the previous quarter the company sold 8.8 million handsets.
Source TechCrunch
Filed Under: Mobile Phone News, Technology News, Top News