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Nokia Reports €274M Profit In Q4-2013 And €519M Annually

Nokia Q4-FY13 results
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Nokia's operating profits dipped by 17% YoY to €274 million from €329 million in the same quarter last year. It also reduced 5% from €262 million reported in the previous quarter. For FY13, operating profit was €519 million up from a loss of €821 million in FY12. Nokia had sold its Devices and Services division to Microsoft earlier this year in September, due to which the company did not disclose the exact sales of its Lumia and feature phone devices, but it told TheVerge that it sold 30 million Lumia devices in 2013, out of which 8.2 million units were sold in the last quarter, an 86% increase from Q4-FY12. It also listed all details of this division under the category 'Discontinued operation' in the balance sheet. HERE - In India, Nokia announced the launch of a community mapping pilot program that will combine data from HERE users with its own data. Nokia launched this project in India first. - The company tied-up with automobile manufacturers Honda and Nissan to integrate HERE technology in their cars. Honda has come up with HondaLink app which is powered by HERE mapping data, while Nissan in America is using HERE for map features including POI listings, extended lane guidance data and 3D city models in the in-dash navigation system for Nissan’s 08IT equipped vehicles. - On the consumer side of things, Nokia announced HERE for Windows 8.1 devices and also introduced augmented reality technology LiveSight across HERE Maps, HERE Drive and HERE Transit. It also introduced real-time…

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