Nokia Q2 2012: 4 million Lumias sold, $1 billion operating loss

Nokia as trouble cracking the US with Lumia handsets
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This morning Nokia published its financial year results for Q2 2012, revealing a $1 billion operating loss and four million Lumia sales.

The sales of the Lumia range have roughly doubled each quarter, but its $9.21 billion net sales were down .5 billion since the last quarter.

The average selling price of the Windows Phone-powered Lumia in Q2 was $229, down from around $270 in Q1 2012. Although four million were sold, only 600,000 of these were in the US, showing that Nokia is still struggling to crack America, even with the price slash.

Nokia CEO Stephen Elop commented on the Q2 results saying: "Nokia is taking action to manage through this transition period. 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."

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