Nokia has reported record sales of its flagship smartphone as it tries to reclaim lost ground to rivals Apple and Samsung. The firm sold 7.4 million Lumia devices in the second quarter of this year, an increase of 32%. It follows the launch of a string of new models.
However, Nokia also reported a fall in revenue. Net sales came to £4.9 billion, down 3% quarter on quarter. The firm admitted it has some way to go before it can pose a threat to Apple and Samsung,
Technology analysts have given mixed reviews to the new Nokia smartphone, the Lumia 925.
Andrew Hoyle from CNet praises the phone's metal design but questions whether the rest of the device will live up to the hype.
With its new metal parts, the Nokia Lumia 925 is a sleek and attractive addition to the Windows Phone 8 range.Does it excite, though? No. It shares most of its key specs with the older Lumia 920 which doesn't really stack up well against the elite competition such as the HTC One and Samsung Galaxy S4.
We'll have to wait and see if the slight tweaks to the camera and the more sturdy build will make the 925 a serious smart phone contender.
Review website Pocket-lint said "We were hard on the Nokia Lumia 920 when it launched because of its size and weight. We preferred the slimmer and more managable Lumia 820. The Nokia Lumia 925 is the handset we wanted last November and we're glad it's here."
If you set this against the design qualities of Apple's iPhone and even the HTC One, it is slightly underwhelming and will not set it apart from its rivals, it doesn't even raise the bar any higher.
I would expect Nokia to continue to struggle to make an impact in the smartphone markets in the US and UK, especially as it has bet big on the windows operating system which has failed to get much traction with consumers despite the millions spent on marketing it.
Nokia has unveiled its latest smartphone, the Lumia 925. The device will sell for around € 469 (£397) before tax and will be available for sale as early as next month.
The company says the new design has its most advanced camera to date as well as a unique metal casing.
Jo Harlow, executive vice president of Nokia's smart devices said "We're advancing experiences on the Nokia Lumia portfolio, whether that means great new benefits for an existing Lumia owner or bringing new showcase devices like the Nokia Lumia 925".
"Its very important to us that we keep on innovating."
Nokia has unveiled a cheaper range of mobile phones at the Mobile World Congress in Barcelona.
The lowest priced is the 105 phone which will cost just £13.
It is expected to go on sale at the end of March and has a colour screen, FM radio, and a battery standby time of 35 days or 12.5 hours talk time.
The phone also has a speaking clock feature.
Nokia said: "We wanted to be able to offer a bit of fun, an extra surprise that provides a talking point for the owners.”
Shares in Nokia saw their biggest single-day loss since June as the company unveiled the device it hopes will help claw back a share of the smartphone market.
- Helsinki Shares began sliding midway through the New York launch
- They ended down 13 percent at 1.99 euros
- Nokia's US-listed stock was down almost 10 percent to $2.55
Apple has fuelled speculation that it will launch a new version of the iPhone by announcing a "special event" only hours before two of its competitors unveiled new devices.
The technology giant sent invitations to selected journalists for the event next week ahead of today's announcement in New York by Nokia and Microsoft where they revealed details of two new phones.
The Apple emails invite journalists to an event on Wednesday September 12 and includes the line "it's almost here".
It features a figure 12 with a shadow that appears to be the number five - seemingly confirming the company will announce the arrival of the iPhone 5.
The Verge website has posted a hands-on demo with the new Nokia Lumia 920 on YouTube.
Nokia has unveiled its latest smartphone in what may be the company's last chance to reclaim a market lost to Apple, Samsung and Google.Read the full story ›
- The Lumia 920 and smaller Lumia 820 run on the latest Windows Phone operating software, which Microsoft hope will rival Apple's iOS and Google's Android.
- It has "Pureview" camera technology to reduce blurring from hand motion.
- The Lumia 920 has an 8.7 megapixel camera.
- The Lumia 920 comes with augmented reality technology that lets users see details of their surroundings through the camera.
- The device is available in yellow or red.
- The screen is 4.5 inches.
- The phone comes with wireless charging capability.
The share price of Nokia has plummeted by over 11 per cent today, as they announced a new smartphone to take on industry giants Apple and Samsung.