Nokia has some good news and some bad news. Good news is that the Finnish handset maker’s Lumia line has managed to gain some traction worldwide, with the firm moving 2 million Lumia devices in Q1. The bad news is that the company will be taking a loss of about 3 percent below it’s break-even figures, though head-honcho Stephen Elop isn’t discouraged. “Within our Smart Devices business unit, we have established early momentum with Lumia, and we are increasing our investments in Lumia to achieve market success. Our operator and distributor partners are providing solid support for Windows Phone as a third ecosystem, as evidenced most recently by the launch of the Lumia 900 by AT&T in the United States.”
Figures for Q1 are as follows : mobile phones net sales of EUR 2.3 billion (71 million units), smart devices net sales of EUR 1.7 billion (12 million units), and Devices & Services Other net sales of EUR 0.2 billion.