Friday, March 23, 2018
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Low-Cost iPad For Classrooms Coming Next Week
Google Says Publishers are Responsible for Getting Users' Consent to Comply With New EU Privacy Law
Samsung Electronics Shareholders Approve Stock Split, Company Talks About Future for Smartphones, Chips
Streaming Services Keep Driving Music Business
Huawei Could Release 512GB and Blockchain-Ready Smartphone
Sony Announces Pricing and Availability for A8F BRAVIA OLED TVs and 85" Class X900F and X850F Series 4K HDR TVs
New Samsung Exynos 7 Series 9610 Mobile Processor focuses on Multimedia
Google to Develop Its Own Blockchain-Related Technology
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > Nokia R...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, January 24, 2013
Nokia Reports Profit As Lumia Smartphone Sales Improve

Nokia today reported a net profit for the fourth quarter, as it sold a growing number of Windows Phone-based Lumia smartphones.

The Finnish company said Thursday that it turned a net profit of €202 million ($270 million) in the fourth quarter, compared with a loss of $1 billion a year earlier, but revenue fell 20 percent as it failed to make gains in the fiercely competitive smartphone market.The company's revenue dropped to €8 billion ($10.6 billion) from €10 billion as smartphone sales plunged 55 percent from a year earlier.

During the fourth quarter 2012 Nokia said it shipped 6.6 million Smart Devices units, of which 4.4 million were Lumia devices. Symbian devices accounted for 2.2 million units of the company's Smart Devices volumes in the fourth quarter 2012. Nokia expects its Symbian devices to account for a significantly smaller portion of our overall Smart Devices volumes in the first quarter 2013 and going forward. During the same period, Nokia also shipped 79.6 million Mobile Phones units, of which 9.3 million were Asha full touch smartphones.

Commenting on the results, Stephen Elop, Nokia CEO, said:

"We are very encouraged that our team's execution against our business strategy has started to translate into financial results. Most notably we are pleased that Nokia Group reached underlying operating profitability in the fourth quarter and for the full year 2012.

While the first half of 2012 was difficult for Nokia Group, in Q4 2012 we strengthened our financial position, improved our underlying operating margin in Devices & Services, introduced the HERE brand to expand our mapping and location experiences, and drove record profitability in Nokia Siemens Networks.

We remain focused on moving through our transition, which includes continuing to improve our product competitiveness, accelerate the way we operate and manage our costs effectively. All of these efforts are aimed at improving our financial performance and delivering more value to our shareholders."

Elop added that the company was making progress in resolving supply issues with its new Lumia 920 smartphones.

He also told reporters on a conference call that that Nokia was open to "all options" for Nokia Siemens Networks, its network equipment venture with Siemens.

Nokia also lans to axe its annual dividend payment for the first time in over 20 years To shore up its cash position against falling sales.

WD's Revenue Decreased Amid Weak Hard Drives Sales        All News        LG Display Posts Robust Fourth-Quarter Profit
Intel Introduces Yolo Smartphone In Africa     Mobiles News      Nokia To Launch True PureView Windows Phone

Get RSS feed Easy Print E-Mail this Message

Related News
New Nokia Photonic Service Engine 3 Chipset Pushes Optical Network Capacity to Limits
‌MWC: New Nokia Phones Including Nokia 8 Sirocco Released
Nokia CEO Announces 5G Rollouts
Nokia ReefShark chipsets Deliver Performance Gain in 5G Networks
Nokia to Supply 5G Equipment to NTT DOCOMO
Upgraded Nokia 6 Packs More Power and RAM
Nokia, T-Mobile US and Intel Collaborate to bring T-Mobile's First Commercial Hardware Based 5G 28 GHz Cell on Air
Nokia and Huawei Sign Patent License Agreement
BlackBerry to Pay Nokia $137 Million in Contract Dispute
Nokia 2 With 4100mAh Battery Announced in India
Nokia Halts Development of the OZO VR Camera
New Nokia 3310 3G Coming in October

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .