Nokia continues to report losses in quarter ended 30th September 2012. The company reported net sales of EUR 7.2 billion for the quarter, down 19% year-on-year and 4% sequentially, and its operating losses were at EUR 576 million compared to operating losses of EUR 71 million, that it registered in Q3-2011. Nokia CEO, Stephen Elop said that Q3 was a difficult quarter for the company and that Nokia was operating profitably on non-IFRS basis. "While we continue to focus on transitioning Nokia, we are determined to carefully manage our financial resources, improve our competitiveness, return our Devices & Services business to positive operating cash flow as quickly as possible, and ultimately provide more value to our shareholders,” he said. Product Highlights: - Lumia Q3 volumes decreased quarter-on-quarter to 2.9 million units. The company believes that this was because of announcing new products. Nokia had shipped 4 million Lumia phones during the last quarter. - Mobile Phones Q3 volumes increased quarter-on-quarter to 77 million units; with new Asha full touch smartphones clocking 6.5 million units in sales during the quarter. - Nokia announced the Nokia Lumia 920 and the Nokia Lumia 820, the first devices in Nokia's Windows Phone 8 range which are expected to ship in select markets during the Q4 2012. The Nokia Lumia 920 is the flagship Windows Phone 8 smartphone, including the latest advances in Nokia PureView imaging innovation as well as wireless charging. The Nokia Lumia 820 is a mid-range smartphone. - Nokia announced the Nokia Asha 308 and Asha 309, new additions…
