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Nokia Net Loss At EUR 954M; Overall Handset Sales Down 29% YoY; 1M Lumia Devices Sold Till Date

Nokia continues to report losses in quarter ended 31st December 2011. The company reported net sales of EUR 10 billion for the quarter, down 21% year-on-year but up 11% sequentially, and its operating losses were at EUR 954 million in contrast to operating profits of EUR 884 million, that it registered in Q4-2010. Nokia CEO, Stephen Elop said that the company was pleased with the performance of its mobile phones business, which benefited in Q4 from sequential double-digit percentage growth in its dual SIM business, with particular strength in India, Middle East and Africa and South East Asia. - In October, it introduced the Asha 200, 201, 300 and 303, which brought new mobile phones into 76 markets across the world. - Nokia introduced Lumia to consumers in Europe, Hong Kong, India, Russia, Singapore, South Korea and Taiwan. - The company claims to have sold…

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