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Nokia Shares Rise As It Sells More Lumia Smartphones Than Expected

   
5:09 pm on Jan 10, 2013 (gmt 0)

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At last, some positive news from Nokia, but still a long way behind its rivals.

Nokia shares have risen sharply after the Finnish group said mobile phone sales in the fourth quarter exceeded its own expectations.

Nokia said it sold 86.3 million devices in the last quarter, with revenues totalling 3.9bn euros ($5.2bn; 3.2bn).

It said its mobile phone business had achieved underlying profitability, thanks to better-than-expected sales of its Lumia smartphone.

Nokia shares rose 16% in both Helsinki and New York.

The firm sold 4.4 million Lumia smartphones in the fourth quarter, up from 2.9 million in the third quarter.Nokia Shares Rise As It Sells More Lumia Smartphones Than Expected [bbc.co.uk]