Nokia’s financial results for the second quarter of 2012 are in, and while it isn’t necessarily pretty – the company lost $1.9 billion on $9.2 billion in revenue – it isn’t terrible either. Sales of Lumia devices are rapidly increasing quarter over quarter.

Just as a penny doubled every day is a better deal than a lump sum right away, Nokia has managed to double the number of devices sold every quarter since the first Lumia handset debuted last fall. Q2 2012 sales hit four million units sold, a 200% increase over Q1 2012′s two million units and Q4 2011′s one million. Overall sales of Windows Phone devices as a whole increased by approximately 50% quarter over quarter. These aren’t record-breaking numbers, but they do represent some hope for the company.

Nokia, of course, recently halved the price of the Lumia 900 to just $50, making the device a great deal for any new smartphone owner. There was some outcry when Microsoft announced that Windows Phone 8 would not be released as an update for older devices, but it doesn’t seem to have affected sales much, if at all. “Lumia activations were flat to up in the weeks following Windows Phone 8 announcement,” claimed Nokia CEO Stephen Elop. The company plans to extend the life of existing devices by “[providing] updates to current Lumia products over time, well beyond the launch of Windows Phone 8.” Looking forward, the Finnish manufacturer believes that “the Windows Phone 8 launch will be an important catalyst for Lumia.”

[Nokia]