Lumia sales lift Nokia results and turnaround hopes

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    Anonymous

    Technology News

    Microsoft Corp CEO Steve Ballmer displays a Nokia Lumia 920 featuring Windows Phone 8 during an event in San FranciscoHELSINKI (Reuters) – Nokia said strong sales of Lumia smartphones helped its mobile phone business achieve underlying profitability in the fourth quarter, raising hopes the struggling handset maker may be past the worst. The Finnish company, which has been losing market share to Samsung and Apple, said the better-than-expected result was also helped by cost cuts, a stronger-than-expected performance from its Nokia Siemens Networks unit and 50 million euros ($65.2 million) in patent royalties. …


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