Nokia posts $1 billion operating loss for Q2 2012, net cash up $125 million

The bulk of it's financial troubles, however, stem from the fact that Nokia phone sales in other sectors are falling far faster than Windows Phone sales are growing. The company sold 83.7 million phones in total, up from 82.7 last quarter, but still down 4.8 million from last year's figures. Sales of "Smart Devices," which encompasses Symbian, MeeGo, and Windows Phones, dropped from 16.7 million in Q1 to 10.2 million in Q2. The average selling price (ASP) of its Smart Devices rose from €143 ($176) last quarter to €151 ($185), thanks largely to a "shift towards sales of Lumia devices which carry a higher ASP than Symbian devices." However, the ASP of the Lumia series fell from €220 ($270) last quarter down to €186 ($228), and is likely to fall further as the company pushes more low-end Windows Phones and slashes the price of its high-end models.

ncG1vNJzZmivp6x7tbTEr5yrn5VjsLC5jmtnampfbHxyhY5saG9xYWl9cLrOpKCaZaFnenN8kGtkn6GelruktcClZKudoKS%2FtQ%3D%3D