Nokia has swung its way back into profits with its Q4 report showing
healthy €439 million ($585 million) in profit. Nokia managed to generate
revenues of €8.04 billion ($10.73 billion).
Nokia's good performance was largely thanks to its Siemens Network
division while Devices and Services is still some way from returning to
profitability even though its performance is improving. Apparently, the
holiday quarter is the best one Nokia has had for quite some time now,
but even with that the company lost about $3 billion in the full fiscal
year.
With the rise of its Lumia brand, the company successfully sold about
4.4 million Nokia Lumia smartphone, with about 700,000 of those sales
taking place in North America.
Nokia's latest smartphones Lumia 920 along with PureView Phase 2
camera pushed its smartphones average selling price up to €186 from the
€155 in the previous quarter. If you subtract the 2.2 million Symbian
handsets sold, the ASP of the Lumia line-up alone is reported at €192
this quarter.
Nokia was also able to use its rich patent portfolio to fill up its
coffers and it got another $250 million payment from Microsoft in the
quarter for using Windows Phone.
Nokia, for the first time in over 20 years will not be paying its
dividend, which allows the company to improve its liquidity position.
Undoubtedly, Nokia is a long way behind its smartphone rivals, but
with the stronger sales of its latest Lumia smartphones, the company
seems to have put the worst behind it. We are yet to see if it manages
to keep the momentum going in Q1, when the demand for all smartphones is
way lower compared to the holiday quarter.
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