Nokia is Profitable Again, 4+ Million Windows Phones Sold in Q4
January 10, 2013 4:19 PM
comment(s) - last by
Signs of recovery raise hope among investors
mortgaging its headquarters
, Finnish phonemaker Nokia Oyj. (
) is clearly has been in trouble in the consumer market, and the company appears well aware of that. Seeing the writing on the wall of its aging Symbian operating system, Nokia
made a bold move
adopting Microsoft Corp.'s (
) Windows Phone operating system, becoming
the first major OEM
to throw its weight squarely behind the new platform.
And while the transition
has been painful
, it is finally showing signs of paying off with Nokia announcing the sale of 4.4 million Lumia (Windows Phone) handsets in Q4 2012. Sales were boosted by high end handsets like the
slick Lumia 920 Windows Phone 8 handset
, and by expanding its reach to
three of America's top four carriers
At last the
is almost complete. Only 2.2 million Symbian handsets were sold in the quarter. The rest of smartphone sales (9.6 million units) consisted of Asha full touch phones.
Asha is a popular low-cost option
in developing markets and uses its own proprietary bare-bones operating smartphone operating system.
Nokia Lumia 920
While smartphone sales are down almost 20 percent from the 19.6 million units Nokia moved last year, the drop off was less severe than analysts were expecting. And the fact that roughly two-thirds of Nokia high-end smartphones are now Windows Phone indicates that the transition is almost finished.
As a result of the cost cutting coupled with stronger sales, Nokia says it has achieved underlying profitability again. That's a huge development for the OEM who endured
of large losses
. Nokia estimates it pocketed €30M ($39.8M USD) in non-recurring IPR income on total sales of €3.9B ($5.2B USD).
Overall Nokia sales of all mobile devices fell to 79.6 million units -- from a volume of 113 million units last year. Nokia recently
lost its global lead
in handset (including
) to South Korea's Samsung Electronics Comp., Ltd. (
Overall mobile phones brought in €2.5B, smatphone sales were €1.2B, and services sales (which include
with Apple, Inc. (
) pulled in €0.2B.
Nokia stock jumped up over 20 percent in early trading on the hopeful news.
Gartner, Inc. (
), a top mobile research firm, has estimated that by 2015 that Windows Phone
will be the #2 smartphone platform
in the world, bumping Apple and its increasingly-dated Palm-style user interface to third place.
Nokia [Q4 2012]
This article is over a month old, voting and posting comments is disabled
Not bad, but not the best of news
1/11/2013 9:39:50 AM
Despite having shiny new phones, they only sold 4M?
Even RIM sold almost 7M of 18 month old devices in their last quarter.
RE: Not bad, but not the best of news
1/14/2013 12:43:04 PM
I don't think you're doing a fair comparison. Nokia sold 86.3 million phones in Q4.
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