Nokia to trim loss as Lumia sales pick up, NSN turns a profit

Finnish mobile phone maker Nokia is expected to have trimmed its losses in the first quarter, thanks to rising Lumia smartphone sales and a turnaround at its equipment venture Nokia Siemens Networks (NSN).

After falling behind Samsung and Apple in the smartphone race, Nokia is aiming for a comeback with the Lumia range, which uses Microsoft’s Windows software, though it is still burning cash and remains a long way from the volumes shipped by the market leaders.

via Business feed http://www.scmp.com/business/companies/article/1217319/nokia-trim-loss-lumia-sales-pick-nsn-turns-profit