Finnish OEM Nokia has posted revenue of €5.9bn for Q1, 2013 – and an operating loss of €150m (£128m).
Revenue was down 20 per cent year-on-year, from €7.4bn in Q1, 2012, and down 27 per cent, from €8bn in Q4, 2012.
The loss is actually an improvement on Nokias results this time last year, when it posted losses of €1.3bn. However, this cant be charted as a clear uptick for Nokia, as it made a profit of €427m last quarter.
Devices
During the quarter, Nokia sold a total 61.9m devices, a decrease of 25 per cent year-on-year and of 28 per cent quarter-on-quarter.
Of these, 11.1m were smartphones – meaning four in every five handsets sold by the OEM is still a feature phone. 
The Lumia saw an upswing of 27 per cent quarter-on-quarter, with 5.6m units shifted during the period. Nokia also sold 5m of its Asha devices, and 0.5m Symbian handsets.
“We have areas where we are making progress, and areas where we are further increasing the focus,” said Nokia CEO Stephen Elop. “For example, people are responding positively to the Lumia portfolio, and our volumes are increasing quarter-over-quarter.
“On the other hand, our Mobile Phones business faces a difficult competitive environment, and we are taking tactical actions and bringing new innovation to market to address our challenges.”
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