Smack on schedule, Nokia has also posted its preliminary quarterly financial results for the second quarter of the year, and even though it posted a sizable loss, Lumia smartphone sales are once again on the rise.

The Finnish telecommunication giant reported decreased revenues of $7.4 billion — making the figure notably down from the $9.2 billion it recorded in the second quarter of 2012.

And equally notable is the loss of $150 million, but at least it is not as extensive as in recent times.

But there is plenty of good news too, the best of which is that sales of Lumia devices continue to grow. The mobile phone maker is reporting 7.4 million Lumia devices sold during this past quarter, which itself is an increase of 32 percent compared to the 5.6 million Lumia smartphones sold in the Q1 of the year.

The company has once again reiterated that it is perfectly happy with Windows Phone, and how the platform is growing. CEO Stephen Elop, talking to a group of European journalists said:

“What we were worried about a couple of years ago was the very high risk that one hardware manufacturer could come to dominate Android. We had a suspicion of who it might be, because of the resources available, the vertical integration, and we were respectful of the fact that we were quite late in making that decision. Many others were in that space already.

Now fast forward to today and examine the Android ecosystem, and there’s a lot of good devices from many different companies, but one company has essentially now become the dominant player.”

The worldwide popularity of the new Lumia 520, the affordable Windows Phone 8 device that shot to the number one spot in terms of market share in just a few months.

A breakdown of the numbers shows that Nokia’s mapping unit, HERE, lost around $116 million. The Nokia Siemens, on the other hand, managed to squeeze out a profit of $10 million.

The company, however, is expecting higher net sales of its smartphones in the next quarter — which no doubt will be helped by the release of newer models like the recently announced Nokia Lumia 1020. If anything, the next two quarters are of prime importance for the Finnish telecom giant.

You can download a PDF copy of the financial results via this link.

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  • Mike Greenway

    I think your headline is misleading.

  • Ray C

    Either way it’s still growth, and in the next quarter they will probably sell more phones. They were not the only company to post losses in products they sold a lo of this year, but their financial situation is improving little by little from what it used to be. And 150m is nothing. Microsoft could easily supplement that if they wanted to. Heck they have billions sitting around. I think it might be worth it to supplement 1 or 2 vendors it order for them to offer a nice little price drop in their Windows Phones for a quarter or so.