Finland based smartphone makers Nokia has lowered its outlook for the Q1 of 2012, pointing that performance from its devices and services division will have a considerable harmful effect on its quarter than earlier expected. Nokia has confirmed that Lumia phone sales through the end of March topped 2 million units. Nokia currently estimates that Devices & Services net sales in the first quarter 2012 were EUR 4.2 billion, comprised of Mobile Phones net sales of EUR 2.3 billion (71 million units), Smart Devices net sales of EUR 1.7 billion (12 million units), and Devices & Services Other net sales of EUR 0.2 billion.
“Our disappointing Devices & Services first quarter 2012 financial results and outlook for the second quarter 2012 illustrates that our Devices & Services business continues to be in the midst of transition,” said Stephen Elop, President and CEO of Nokia. “Within our Smart Devices business unit, we have established early momentum with Lumia, and we are increasing our investments in Lumia to achieve market success. Our operator and distributor partners are providing solid support for Windows Phone as a third ecosystem, as evidenced most recently by the launch of the Lumia 900 by AT&T in the United States.”
“We are continuing to increase the clock speed of the company,” Elop insists. “The change is tangible, and we are proud of the way Nokia employees are quickly responding to the needs of consumers and partners.” Full Q1 2012 results will be revealed on April 19.