19.04.2012 12:20 Uhr, Quelle: Engadget

Nokia's Q1 2012 financials: $9 billion sales can't stop a $1.7 billion loss

Nokia's released the bundle of spreadsheets that comprise its 2012 Q1 financials, just a week after it promised it would make a loss, despite bullish sales of the new Lumia 900. The numbers reveal that the company had net sales of €7.4 billion ($9.7 billion), down from €10.4 billion ($13.6 billion) at the start of last year. Net sales are down 30 percent year-on-year, which means the company's posting a loss of €1.3 billion ($1.7 billion) for the first three months of 2012. That loss is broken down as €772 million in restructuring costs for Nokia Siemens Networks, €101 million to restructure Devices & Services, Location and Comme

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