Nokia: Two million Lumia phones sold in Q1 but profits still falling

Nokia's announced preliminary information on its forthcoming Q1 results due on April 19th. It's reportedly sold €4.2 billion worth of phones, €2.3 billion coming from the sale of 71 million dumbphones and €1.7 billion coming from smart devices. On the upside, sales of the Lumia handsets are still growing, selling two million of the series in the last three months alone. However, “competitive industry dynamics” and the cost of its painful transition into a modern smartphone player have meant the numbers aren't too pleasing.

2DayBlog.com, Nokia: Two million Lumia phones sold in Q1 but profits still falling