Disqus
Nokia announced its quarterly earnings for Q4 2012, and the company delivered a solid year-ending performance. After six consecutive quarterly losses, Nokia finally turned a profit and sold more than 15 million smartphones this quarter.
Nokia reported an operating profit of 439 million euros ($584 million) and net sales of 8.041 billion euros ($10.7 billion). This compares favorably to Q3 2012, which saw an operating loss of 576 million euros ($754 million) on $754 million euros ($9.49 billion) in net sales. Nokia ended Q4 with net cash of 4.4 billion euros ($5.86 billion), up from the 3.4 billion euros ($4.53 billion) reported in the third quarter of 2012.
Nokia sold 15.9 million smartphones in the quarter, including 9.3 million Asha smartphones, 4.4 million Lumia devices and 2.2 million Symbian handsets. With a solid quarter and exciting new handsets on the horizon, including a new PureView Windows 8 smartphone expected to debut at MWC next month, Nokia is now stabilized for the moment and no longer on a death watch.
[Via Nokia]
About The Author
Kelly Hodgkins
Kelly spent the last four years covering mobile technology at places like BGR, Gizmodo and The Unofficial Apple Weblog. Before writing, she spent a few years working with and teaching others how to use Adobe Flash and Macromedia Director. Even earlier than that, she spent several years as a Ph.D student in Microbiology. When she's not writing, she can be found fishing the lakes and hiking the mountains of Western Maine with her husband and tribe of children. You can follow her on Twitter @kellyhodgkins.
