Nokia Sells 86.3 Million Phones, 4.4M Lumias During Q4

Finnish mobile phone manufacturer Nokia has confirmed that it sold 86.3 million handsets during 2012's fourth quarter, as well as selling 4.4 million Lumia units.

Nokia's Devices & Services operation exceeded expectations by delivering "underlying profitability." The financially struggling company stressed that that the division's mobile phones arm experienced better-than-expected results with 86.3 million sales.

Nokia's Windows Phone-powered Lumia slate sold 4.4 million units. The company's Asha line of handsets for emerging markets, meanwhile, managed to sell 9.3 million units during the fourth quarter of 2012.

"We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks," Nokia CEO Stephen Elop said. "We focused on our priorities and as a result we sold a total of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter."

As it was a preliminary release, Nokia didn't reveal solid financial details (to be revealed on January 24), but it did estimate that net sales in its Devices & Services business reached $5.1 billion.

However, the firm foresees its operating margin during 2013's first quarter to be negative 2 percent, noting that "seasonality and competitive environment are expected to have a negative impact on the first quarter 2013 underlying profitability for Devices & Services, compared to the fourth quarter 2012."

 

Contact Us for News Tips, Corrections and Feedback

Create a new thread in the US News comments forum about this subject
This thread is closed for comments
17 comments
    Your comment
    Top Comments
  • SchizoFrog
    Good good, I hope they hang in there and are at the forefront of more powerful handsets to come with WP8...
    11
  • Other Comments
  • SchizoFrog
    Good good, I hope they hang in there and are at the forefront of more powerful handsets to come with WP8...
    11
  • mazty
    I really can't be bothered with smartphones but as my K800i is giving up the ghost I picked up a Lumia 800 from O2 in the UK for under £130 a week ago. Hard to go wrong with such a deal - phone sold out in a matter of days. Good design, easy to use OS and I couldn't care less about apps, so win-win.
    9
  • dfusco
    Good, I hope they hang in there long enough to make the switch to Ubuntu once they realize that Win 8 is a fail.
    -8