Despite concerns over Nokia's future as a leading mobile phone company thanks to its late entry into the smartphone market, the handset creator has managed to reach a huge sales milestone.

The company has shifted some 1.5 billion Series 40 phones – making it one of the most popular series of handsets of all time.

According to the mobile phone specialist, the 1.5 billionth handset as an Asha 303, sold to Mayara Rodrigues in Brazil.

Nokia's Series 40 offering has come a long way since it introduced the 7110 back in 1999 and the company is relying on the new Nokia Lumia 900 to improve its outlook and help win back investors.

Mary McDowell, executive vice president at the firm, said: "At a time when we are maintaining our commitment to connecting the next billion customers around the world – it is gratifying to consider how Series 40 devices have made mobile technology accessible and help continue to change people's lives for the better."

Posted by Peter Robinson

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