Nokia loses $1 billion in Q2 2012Nokia recently released its financial reports for the last quarter and it looks like it’s not doing too well. Despite shipping out 4 million Windows Phone devices, the company still made a loss of $1 billion in Q2. Apparently, doing well in the Windows Phone market isn’t enough – because while it was successful in that sector, sales of its other devices took a dive and the company sold 4.8 million fewer phones in total compared to the same period last year. However, the loss of $1 billion is an improvement over 1.2 billion in Q4 2011 and $1.7 billion in Q1 2012.

This shows that Nokia is definitely heading in the right direction with its Windows Phone devices, but it will probably need to shake up its non-WP lineup if they intend to keep churning out those devices. No word on how Nokia will continue to develop Windows Phone hardware, but it looks like its gamble on picking up Microsoft’s operating system is paying off.

This article was filed in Homepage > Cellphones and was tagged with Nokia and Windows Phone. The story was spotted on bgr
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