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Nokia turns a profit in Q4 2012 after selling 4.4 million Lumia smartphones

News by Andrew Kameka on Thursday January 24, 2013.

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Nokia today released its fourth quarter 2012 earnings report, and the news was encouraging because it ended a run of losses that has hurt the company since its Symbian line of phones decreased in popularity.

Nokia previously teased that it sold 4.4 million Windows Phone 8 Lumia handsets, and the increased sales helped increase revenues to EU 8.04 billion (US $10.73 billion). When factoring in its restructuring costs, Nokia finished the fourth quarter with EU 439 million (US $585 million) in profit.

The bulk of Nokia's revenue came from its Nokia Siemens equipment business, but the Lumia line finding some footing reduced the drag that its smartphone unit had been on the business. The company also relied heavily on its Asha line of entry-level smartphones, which sold 9.3 million units, to raise its total number of shipments to include 79.6 million phones. Nokia reiterated that the reason to smile will not extend into the first quarter of 2013 because it anticipates fewer sales due to seasonal trends and increased competition.

source: Nokia (PDF), via: The Verge

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Andrew Kameka
Andrew is based in Miami, Florida.

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