Nokia sees higher Lumia sales but weaker overall revenues

07/18/2013 | BBC

Nokia pumped up its sales of Windows Phone-powered Lumia handsets in the second quarter by 21% from the previous period. And yet, the Finnish company's shares tumbled on a 24% dip in total revenues from 2012 and a 27% decline in cellphone sales, mainly due to its continuing feature-phone slump. Nokia reported today that it sold 7.4 million Lumia phones compared with 6.1 million in the first quarter. "During the third quarter, we expect that our new Lumia products will drive a significant part of our smart devices revenue," said Chief Executive Stephen Elop.

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