Nokia Jumps Most Since 2008 as Lumia Sales Top Estimates - Businessweek
Nokia Oyj (NOK1V) jumped the most in 4 1/2 years after sales of its flagship smartphone exceeded analysts? estimates, signaling the former global handset leader is making progress with a plan to stem revenue and market-share declines.
Sales of the Lumia phone increased to 4 million units in the second quarter from more than 2 million in the previous period, Nokia said today. The Espoo, Finland-based company, which lost its 14-year run as the phone-industry leader this year, still projected continuing losses at its handset business.
Nokia Oyj (NOK1V) jumped the most in 4 1/2 years after sales of its flagship smartphone exceeded analysts? estimates, signaling the former global handset leader is making progress with a plan to stem revenue and market-share declines.
Sales of the Lumia phone increased to 4 million units in the second quarter from more than 2 million in the previous period, Nokia said today. The Espoo, Finland-based company, which lost its 14-year run as the phone-industry leader this year, still projected continuing losses at its handset business.
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