The new Nokia Lumia line has not yet turned things around for Nokia. I still see years of struggling ahead.
Nokia published the financials for Q1 2012 today. Nokia had a $1.76 billion operating loss. The net sales were $9.7 billion, which is 30% less than the same time a year ago.
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Despite reports of the Lumia 900 selling out, Stephen Elop said that sales of the Lumia line are mixed. Nokia needs to hope that Windows 8 Mobile OS will make Windows Phones competitive with Android phones and Apple iPhone so they can get back on their feet.
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Read all the Nokia financials here.