After reporting profit in the previous quarter, Nokia is back in the red - posting a loss of €150 million ($196 million) for the quarter ending March 31, 2013. This is however a significant improvement from €1.34 billion loss ($1.75 billion) reported in the same quarter last year. The company reported a net sales of €5.85 billion ($7.64 billion) for the quarter, registering a 20% decline from €7.35 billion ($9.60 billion) sales in the same quarter last year and a 27% decline from €8.04 billion ($10.51 billion) sales from the previous quarter. Operating Highlights - Nokia has shipped 5.6 million Lumia smartphones during the quarter, up 27% quarter-on-quarter (QoQ). Nokia informed that around two-thirds of this shipments were Windows Phone 8 based devices. It also sold 0.5 million Symbian smartphones during the quarter. - Nokia has sold 5 million Asha full touch smartphones during the quarter, registering a 46% decline QoQ. The company attributes this decline to lower seasonal demand and intense competition from other low cost mobile phone makers. Note that while Nokia clubs Asha full touch smartphones with other smartphones while mentioning smartphone volumes, it takes Asha sales into account in mobile sales volumes, while elaborating on its devices and services sales. - Nokia started shipping Nokia Lumia 620 in significant volume and increased the geographical distribution of Lumia 920 and Lumia 820. - Nokia announced Nokia Lumia 520, its most affordable Windows Phone 8 smartphone as of now. It also announced and started shipping Nokia Lumia 720, a mid-range Windows Phone 8 device. - Nokia announced three new…
