Nokia's Q2 2012 financials announced: 4 million Lumias sold, $1.01 billion dollar loss

The past three months haven't been the best for Finland's former world number one. Unfortunately the results reveal that the company made an operating loss of $1.01 billion dollars for the quarter. The company managed to make €7.5 billion in sales ($9.2 billion, down .5 billion since the last quarter), shifting four million Lumia handsets in the process. In fact, the only cause for optimism is that sales of the Lumia range have roughly doubled each quarter.

The number of handsets pushed out the door increased (thanks to the Asha range of budget phones) with the company selling 73 million phones. That said, the company has clearly failed to crack America, selling a paltry 600,000 handsets in the States. The cash pile has also continued to dwindle, with the piggybank currently standing at €4.1 billion ($5.1 billion), down from $6.3 billion in Q1, despite getting a further $250 million in kickbacks from Microsoft.

Nokia (PDF)

It's sad that this is happening. They have some great phones.

Dang Americans need to buy them!

I think you mean that things arent as bad as expected..

Ok, but you're leaving out the part where very negative things were expected, now we see that things were only significantly bad, but not overwhelmingly horrible

Perhaps RIM will do the same kowenicki

The shipments are better than expected. But the gross margin on Nokia's smartphones... -30%. They are liquidating those Lumias. I guess with Windows Phone 8 on the way, they don't have much choice.