Nokia sees sales drop, but reduces loss in Q2

HELSINKI-Nokia Corp. 's sales continued to fall in the second quarter, but the Finnish maker of mobile phones to your prejudice through new spending cuts.
Jin Lee/Bloomberg
In the period, sales totaled 5.7 billion euros, against 7.5 billion euros achieved in the second quarter of last year. Some analysts had expected a figure of 6.4 billion euros. The net loss amounted to 227 million euros, compared to 1.41 billion euros in the second quarter of the previous calendar.
According to the balance sheet, cellular sales rose 32% Lumia compared to the first quarter, totaling 7.4 million sets. Nevertheless, the result was below that predicted by analysts. In all, the company sold 61.1 million handsets in the second quarter, 27 percent less than in the same range of 2012.
Nokia pointed out that the equipment and services sales in China fell 57 percent, to 232 million euros, and in North America had dropped 4 percent, to 123 million euros.
Yet the Chief Executive of Nokia, Stephen Elop, said the mobile phone unit began to show some signs of recovery at the end of the second quarter, after a difficult year.