Stronger sales of Lumia phones helped Nokia narrow its losses during the third quarter, the company's latest figures reveal.
The Finnish phone-maker sold 2.9 million Windows Phone-powered Lumia smartphones across the globe during the period.
That improved showing, teamed with a fairly savage series of cuts to reduce costs, helped trim the company’s quarterly loss to £670 million. This compares with a loss of £780 million during the preceding three months.
Responding to the results, CEO Stephen Elop described the company’s performance as “remarkable” in the light of the transition it is undergoing.
He added: “In Q3, we continued to manage through a tough transitional quarter for our smart devices business as we shared the exciting innovation ahead with our new line of Lumia products."
Nokia’s total handset shipments for Q3 were 82.9 million - down 22 per cent year-on-year from 106.6 million.
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