Nokia announces better-than-expected Lumia results

Nokia announces better-than-expected Lumia results

Nokia has announced that better-than-expected sales of its Lumia smartphone have boosted the organisation's fourth quarter results.

It sold 86.3 million devices in the three months to the end of December 2012, giving it revenues of £3.2 billion. This led to a sharp rise in share price, closing yesterday up by 11 per cent in Helsinki and 18.7 per cent higher in New York.

In the third quarter of 2012 Nokia sold 2.9 million units of its Lumia device, rising to 4.4 million between October and the end of December. Its Symbian-powered smartphones shipped 2.2 million products, while its Asha full-touch handset witnessed sales of 9.3 million.

Stephen Elop, chief executive of Nokia, said: "We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks. We focused on our priorities and as a result we sold a total of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter."

Nokia's Lumia range has continued to grow, with models ranging from the upcoming 620 to the 920, 820, 900 and 800.

The Lumia 920 is now Nokia's flagship device and is powered by a Snapdragon S4 processor. It features a 4.5-inch PureMotion HD+ display and a 8.7 megapixel camera with Carl Zeiss lens.

Users can expect to enjoy 10.8 hours of talk time over 3G, along with 460 hours of standby time. The device is available with 4G high-speed internet through EE, while it also ships with full versions of Microsoft Office and Outlook for excellent business compatibility.

The Lumia 920 also runs Windows Phone 8, which is the new operating system from Microsoft. It allows users to pin the live tiles which they want to see more often, while applications will update in real time on the Start screen.

The People Hub stores contact details for contacts, allowing the easy start-up of conversations via phone, text, instant messaging and email.