Nokia Rakes in $585.7 Million in Q4 2012, Only Profitable Quarter on Year

by Reads (2,244)

Nokia LogoFollowing three subsequent quarters’ worth of losses, Nokia finally posted a quarterly profit in the fourth quarter of 2012, pulling in $585.7 million, according to the company’s most recent financial report.

The better part of the earnings — $367 million, to be exact — came from the Nokia’s device branch, while the Nokia Siemens Networks infrastructure business contributed more than its fair share to the earnings with $334 million.

The reports contained good news and bad news, however; this was, after all, Nokia’s first and only profitable quarter of the year. And having dug such a deep hole for itself during the first three quarters, the company still suffered a $3 billion loss on the year.

Also, while Nokia did confirm that it shipped 4.4 million Lumia smartphones and 2.2 million Symbian smartphones (the last Symbian smartphone, the Nokia 808 PureView, was released mid-2012) during Q4 2012, the numbers are on the downslide and the phones are still having trouble catching on in the US. Sales of Nokia’s handsets in America saw a hike from 300,000 to 700,000, but that’s still not much to write home about.

Source: Engadget

LEAVE A COMMENT

0 Comments

|
All content posted on TechnologyGuide is granted to TechnologyGuide with electronic publishing rights in perpetuity, as all content posted on this site becomes a part of the community.