Both posts from the Verge, interesting how they lost and yet sold more Lumia devices then expected
Nokia has just posted its Q2 2012 financial report, and with it reveals a total operating loss of €826 billion (around $1 billion). The Finnish company previously warned investors that its Q2 results were likely to be "similar to or below" its enormous €1.3 billion (around $1.6 billion) operating loss in the first quarter. Net cash actually rose by €102 million (around $125 million) thanks to a combination of licensing payments and a hefty quarterly cheque from Microsoft.
Nokia's previous quarter saw the company describe the UK market as a "more challenging" one than the US — where Lumia sales exceeded expectations. Nokia has just announced its Q2 2012 financial results today, and the company has revealed four million Lumia devices were sold in its recent quarter — beating analyst predictions by 200,000. After selling over one million Lumia devices during its final quarter of 2011, and two million in Q1 2012, the latest figure shows that Nokia's Rolling Thunder approach is working at a slow and steady pace with over 7 million units shipped to date.