Things continue to look grim for Nokia: A new operating loss of $754 million for the third quarter of 2012, and a drop in its net cash from $6.6 billion last year to $5.5 billion now. From that, only 2.9 million Lumia devices have been sold (now all outdated, because none of them will use Windows Phone 8) down from 4 million last quarter (the first time the range lost popularity), but since its the end of the older Lumia’s product cycles, it only seems fair. As for their non-smartphones, flip phones, and dumb phones all the same, they’ve sold a whopping 77 million of those.
At the very least, Nokia has been able to stabilize $4.66 billion in the bank as cash reserves. Perhaps it will prove helpful in the long term, should the upcoming Lumias and Windows Phone 8 release not deliver funds immediately to the coffers?
Via: Nokia (PDF)
