A turnaround in Nokia’s fortunes – mobile maker sold 4.4m Lumia smartphones in Q4

11 Jan 201388 Views

The Nokia Lumia 900

In what Nokia’s CEO describes as having been a solid quarter, the Finnish mobile phone giant published preliminary Q4 results that indicate its smartphone strategy and the Nokia Siemens division are shaping up. The company revealed better than expected profitability from the networking division and said it sold 4.4m Lumia devices in Q4.

The past two years have been difficult but transformative for Nokia. The company’s Devices and Services group brought in Q4 revenues of €3.9bn, with total device volumes of 86.3m units achieved.

Of these, mobile phone net sales brought in €2.5bn in revenue with total volumes of 79.6m devices shipped, out of which 9.3m were Asha full-touch smartphones.

Smart devices alone brought in €1.9bn of revenue, with total volumes of 6.6m shipped, out of which 4.4m were Lumia devices.

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Nokia CEO Stephen Elop said Nokia Siemens exceeded Q4 expectations by delivering a third consecutive quarter of profitability. The networks group achieved revenues of €4bn.

“We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices and Services and record underlying profitability in Nokia Siemens Networks,” Elop said.

“We focused on our priorities and as a result we sold a total of 14m Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter,” he added.

John Kennedy is a journalist who served as editor of Silicon Republic for 17 years

editorial@siliconrepublic.com