Nokia has still not stabilized according to their Q2 2012 Earnings.
Nokia just published their Q2 2012 Earning numbers. The loss increased to 826m Euro compared to 487m in the year ago quarter. Nokia has shipped 4 million smartphones, but that is too less to bring back Nokia.
Nokia says in the earning announcement that Windows Phone 8 will be an important catalyst for the Lumia smartphones. If Microsoft is failing with Windows Phone 8 to catch up to Apple and Google, Nokia is doomed.
More numbers in this Nokia report.