Nokia registered an operating profit of €118 this quarter as opposed to loss of €564 in the last quarter a year-ago. It is also a big leap from the €115 million loss in the last quarter. The cost of running Devices and Services part of Nokia has been reduced by €3 billion annually. At the end of Q3, Devices & Services and Corporate Common had approximately 32,200 employees, a reduction of approximately 6,100 compared to Q3-FY12, and an increase of approximately 800 compared to Q2-FY13. More on the financials below Device sales Smart devices volumes have increased by 40% in a year to 8.8 million this quarter, up from 6.3 in same quarter a year-ago. It has also increased by 19% from the previous quarter. The year-on-year increase in smartphone volumes in the Q3-FY13 was primarily due to higher Lumia volumes, partially offset by lower Symbian volumes. Symbian volumes decreased from 3.5 million units in the Q3-FY12 to approximately zero in the Q3-FY13. Our Lumia volumes increased from 2.9 million in the Q3-FY12 to 8.8 million in the Q3-FY13. The increase in smart devices volumes in this quarter was primarily due to the Lumia 520 sales. < During the quarter Nokia shipped 55.8 million mobile phones, of which 5.9 million were Asha full-touch smartphones. On a year-on-year basis, Nokia's mobile phone volumes in were negatively affected by competitive industry dynamics, including intense competition at the low end of product portfolio and intense smartphone competition at increasingly lower price points. Average selling…
