Nokia Q2 2013 Misses On Sales Of $7.5B; Posts $0 EPS And 7.4M Lumias Sold

Nokia today reported its quarterly earnings, with sales of $7.5 billion and a non-IFRS earnings per share of $0.00. That's a mixed result: Analysts were expecting a loss per share of $0.03, on revenues of $8.63 billion ($6.59 billion).

As a point of comparison, the company last quarter reported 5.6 million Lumia devices sold, with sales of $7.6 billion and a non-IFRS loss per share of $0.03 (and a reported EPS of $0.09).

The company continues to pursue a two-pronged model where devices are concerned. On one hand, it is looking to attract smartphone newbies who may have previously been still been using feature phones, or who are less inclined to pay premium prices. For these it is rolling out more lower-end smartphones and high-end feature phones for those spending less money in emerging and developed markets. On the other hand, it's trying to keep its reputation as a leader in the field by pushing boundaries on new features, such as the 41 megapixel camera that it unveiled in the Lumia 1020 last week.

more to come.

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