Nokia has finally managed to turn things around. The company has reported a profit of €439 million ($585 million), with €8.04 billion ($10.7 billion) in revenue. These figures were possible through stronger Lumia sales, Nokia Siemens Network and company restructuring. We believe Stephen Elop is currently cruising around with a megaphone, ensuring everyone hears the news.
The number of Lumia Windows Phones sold also saw an increase to 4.4 million, up from just 2.9 million in the previous quarter. We'd consider this as Nokia's most successful quarter since the company partnered with Microsoft and began supporting Windows Phone. As well as profit and sales, Nokia also increased its net cash reserves from €3.56 billion ($4.7 billion) to €4.36 billion ($5.8 billion).