Nokia held on through another quarter with no major new devices, but it didn’t come cheap. The Finnish handset maker lost $98.7 million on a 25% year-over-year decline in handset sales and continued losses at NAVTEQ and Nokia Siemens Networks.
Revenues were down 13%, smartphone sales dropped 39% and feature phone sales slid 13%. Nokia sold 106.6 million mobile devices during the quarter, nearly 90 million of which were basic candy bar phones and the like. Indeed, the one bright spot in Nokia’s earnings came from its Symbian-based mobile phones. The company sold 89.9 million mobile devices during the quarter, an 8% jump from the year prior and a 25% increase from the previous quarter.
While losses continue at NAVTEQ and Nokia Siemens Networks, they did move in the right direction. Nokia is widely expected to unveil its first Windows Phone-based smartphones next week at Nokia World in London.
