Nokia’s Q1 2013 results are out and two biggest highlights for us are Lumia sales increasing to 5.6 million, the highest ever and Nokia ending the quarter with robust EUR 4.5 billion net cash. Not only this Nokia expects Lumia growth in Q2 to exceed sequential growth of 27% seen in Q1 over Q4 2012. With Lumia 520 and 720 getting launched and Lumia 620 launching in more markets we can understand So, here are the quick highlights.

  • Nokia Group net sales in Q1 2013 were EUR 5.9 billion
  • Lumia Q1 volumes increased 27% quarter-on-quarter to 5.6 million units, reflecting increasing momentum. 2/3 of these 5.6 million Lumias were Lumia WP8 devices.
  • Total smartphone volume was 6.1 million with ASP of EUR 191, which is 3% higher than ASP of 186 in Q4 2012.
  • Nokia Group ends first quarter 2013 with a strong balance sheet…

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