Nokia sales slump despite smartphone momentum The Finnish firm sold a record 7.4m Lumias in the second quarter of 2013 as it launched a range of new models, but total mobile phone shipments declined to 61m, against 84m a year previously. While Nokia has struggled to regain its lustre among well-off consumers, sales of its cheaper, more basic, handsets have been resilient in the last few years. But recently, sales have been hit as users upgrade to budget smartphones from the likes of Samsung. Nokia said revenue fell to €5.7bn (£4.9bn) in the quarter, a 24pc decline on last year. Thousands of job cuts did manage to stem operating losses, which at €115m were much less severe than the €824m in the same quarter last year. Lumia sales improved 32pc on the previous quarter, as the release of budget models such as the £125 Lumia 520 as well as the flagship Lumia 925 gave Nokia some much-needed momentum. However, its smartphone sales are still a fraction of those seen by Apple and Samsung. Nokia, which was once the world's dominant mobile phone manufacturer, was late to adapt to the smartphone revolution and was overtaken by Samsung in total shipments of mobiles last year. A 2011 tie-up with Microsoft that saw Nokia exclusively use its Windows Phone software in its devices got off to a slow start, though recent sales have been encouraging. Last month, the firm reached a deal to buy Siemens" 50pc stake in Nokia Siemens Networks, the two firms" joint venture, for €1.7bn. The business, which makes equipment for wireless networks, was Nokia's most successful unit in the second quarter, returning an €8m operating profit. The results, which were weaker than expected, have sent Nokia's shares down by more than 5pc in Helsinki today.