After six consecutive quarters of losses, Nokia had reported an operating profit of €439 million ($585 million) for the quarter ending December 31, 2012 yesterday. It had reported net sales of €8.04 billion ($10.71 billion) for the quarter, a 11% increase from €7.24 billion ($9.65 billion) revenues reported in the previous quarter but a 20% decline from €10 billion ($13.33 billion) revenues reported in the same quarter last year. Here are some notes from Nokia's Investor conference call: - First Half Of 2012 Challenging: Nokia CEO Stephen Elop stated that the first half of 2012 was very challenging for Nokia but they are committed to lowering their operating expenditures in spite of investing in various technologies to differentiate Nokia. At the end of 2012, Nokia Group has a gross cash of €9.9 billion ($13.22 billion) and a net cash of €4.4 billion ($5.88 billion) - Smartphones: During the quarter, Nokia shipped 6.6 million Smartphones, of which 4.4 million were Lumia devices. Elop said that they are pleased with the initial consumer response to Nokia's new Lumia devices including the Lumia 920, Lumia 820 and Lumia 620. He mentioned that mobile operators are now committing for more marketing, more training and more in-store displays to help increase Windows Phone and Lumia sales. - Mobile Phones: Nokia shipped 79.6 million mobile phones units during the quarter, of which 9.3 million units were Asha full touch smartphones. Elop mentioned that Asha was the top selling smartphone in India, Russia, and Saudi Arabia markets during certain months. Elop however expects the next quarter to be…
