News by Andrew Kameka on Thursday January 23, 2014.
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In what may be the final financial period as an independent phone manufacturer, Nokia today released its financial report for 2013, and the news was not very encouraging for its future owner Microsoft. Microsoft purchased Nokia's handset division because Nokia is the only successful Windows Phone manufacturer and the company feared that it might switch to Android because its growth wasn't high enough. The financial report won't make Microsoft nervous, but it won't make them very excited either.
Nokia reported that it sold 8.2 million smartphones in the fourth quarter of 2014, down from the 8.8 million it sold in the previous three months. Despite the busy holiday shopping season propelling some rivals to strong sales, Nokia Lumia sales actually went down during one of the busiest shopping periods of the year. On the plus side, it was a significant increase from the 4.4 million phones sold during the same period last year, but the drop signaled a decline in what was seen as a solid run of growth for Nokia. Another problem for the company is that many of the sales were for the low-cost handsets that increased Nokia's market share.
The task of increasing Lumia sales now falls on Microsoft. Though the deal to transfer Nokia's device unit has not finalized, a completion of the deal is nearing and should put the Lumia smartphone division firmly under Microsoft's control when it's time to report sales for the first quarter of 2013.source: Nokia (PDF)
Andrew is based in Miami, Florida.