Nokia has sold a lot of Lumias. The sales for it is really taking off. However, here comes the bad news. The company is still operating at a significant loss. While they are pleased to see Lumia sales growing, Lumia sales alone aren't enough to make Nokia profitable.
In the report, it also reveals a $1 billion total operating loss. It managed to sell 4.8 million fewer phones in total compared to the same period last year. In a statement, CEO Stephen Elop explained:
"While Q2 was a difficult quarter, Nokia employees are demonstrating their determination to strengthen our competitiveness, improve our operating model and carefully manage our financial resources... We are executing with urgency on our restructuring program. We are disposing of non-core assets like Vertu. We are taking the necessary steps to restructure the operations of the company."
Will a Windows Phone help them get out of this rut? It still remains to be seen. [Nokia]
