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Nokia Impresses through Q4 with Big Profit

News by Luke Jones on Thursday January 29, 2015.

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2014 was a year of change for Nokia. The company sold its Devices and Services division to Microsoft, said it may never make smartphones again, launched a tablet, and also rolled out some impressive software. So, how is Nokia doing post Microsoft? Very good is the answer and the company confirmed that with its latest earnings call.

The company was struggling to turn significant profit when it still had its Lumia smartphone business. However, in the fourth quarter of 2014 the company continued the growth it showed at the end of 2013 by recording $512 million in profit, a 66% jump on the $309 million made in Q4 of 2013. Overall revenue also rose to $4.3 billion from $3.9 billion.

The power of the new Nokia could be seen in our fourth quarter results. All of our businesses delivered strong year-on-year net sales growth. Profitability was excellent in Nokia Networks, and we were particularly pleased with our net sales growth in North America and core networks. HERE continued its momentum in the automotive segment, and the early reception to the Nokia N1 tablet has been remarkably favorable, showing the ongoing power of the Nokia brand and the long-term potential of our brand licensing business. Looking ahead, while 2014 was a year of reinvention, we see 2015 as a year of execution."-Rajeev Suri, CEO, Nokia

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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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