iPhones Have Brought More Money To Nokia Than The Lumia Range

In an intriguing twist, Nokia has managed to earn more money from its archenemy Apple - than it did from its own range of high-end Windows Phone mobiles. To make matters worse, the latest financial report reveals that the Finnish phone maker has lost $1.7 billion (about £1 billion), in the first quarter of 2012.

Meanwhile, Nokia has managed to settle a legal dispute with Apple over patent licensing and has came out of the negotiations with $600 million (almost £369 million).

In the first three months of this year, Nokia sold 82.7 million devices, which means a 24 per cent decline, compared with the first quarter of 2011. At the same time, Nokia has sold 108.5 million devices worldwide.

In the Chinese market, Nokia has suffered the most severe loss of all. Here, sales have declined by 62 per cent, compared to a year ago. In North America, Nokia sales have dropped by half, to 0.6 million units.

The most loyal Nokia fans are in the Asia Pacific region, where the makers of the Lumia range has managed to sell 26.1 million devices. This is still on a downward trend, but at a slower pace, at only 4 per cent.

Source: AppleInsider