Nokia’s stock jumps 16% following better than expected handset sales in Q4 2012

Nokia Lumia 505 officially unveiled in Mexico

Earlier this week, both Verizon and AT&T released early Q4 2012 smartphone sales estimates. Today, Nokia joined the club and announced its own outlook for the quarter. Nokia has a reason to crow, as it did better than expected in the last few months of 2012.

According to the press release, Nokia sold 15.9 million smartphones in the quarter, including 9.3 million Asha full touch smartphones, 4.4 million handset and 2.2 million Symbian phones. These latest estimates are better than Nokia’s Q3 2012 earnings which revealed the company sold 12.8 million smartphones, of those 6.5M were Asha smartphones, 2.9M were Lumia handsets and 3.4M were Symbian phones.

Nokia expects solid earnings in the quarter due to a “better than expected financial performance in the Mobile Phones business unit and Lumia smartphones.” It’s operating expenses in this Devices & Services division also went down, which means the company sold more phones and saved more money than expected.

According to Bloomberg, Nokia’s stock jumped 16% following the release of this encouraging outlook. Nokia will report its fourth quarter and full year 2012 earnings on January 24, 2013.

[Via Nokia and Bloomberg]

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