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Nokia Q4-2012: EUR 439M Operating Profit; 86M Devices Sold, 9.3M Asha

Nokia has finally made a turnaround during the quarter ending December 31, 2012, posting an operating profit of EUR 439 million ($585 million) as compared to EUR 954 million ($1.27 billion) loss in the same quarter last year and EUR 576 million ($767.6) loss in the previous quarter. For the fiscal ending December 31, 2012, Nokia however reported an operating loss of EUR 2.3 billion ($3.07 billion), a significant increase from EUR 1.07 billion ($1.43 billion) in the fiscal 2011. The company reported a net sales of EUR 8.04 billion ($10.71 billion) for the quarter, a 20% decline from EUR 10 billion ($13.33 billion) in the same quarter last year but a 11% increase from EUR 7.24 billion ($9.65 billion) from the previous quarter. For the fiscal ending 2012, Nokia reported net sales of EUR 30.18 billion ($40.22 billion), a 22% decline from EUR 38.66 billion ($51.52 billion) in the fiscal 2011. Operating Highlights - Nokia has sold 4.4 million Lumia smartphones and 2.2 million Symbian smartphones during the quarter. It has sold 9.3 million Asha full touch smartphones for the quarter, up from 6.5 million units in the previous quarter. - Nokia started shipping its first Windows Phone 8 devices - Nokia Lumia 920 and Nokia Lumia 820. It also started shipping Nokia Lumia 822 for Verizon Wireless and Lumia 920T for China Mobile. - Nokia announced Nokia Lumia 620, the third and its most affordable Windows Phone 8 smartphone. - Nokia announced Nokia Asha 205, Nokia Asha 206 in both single…

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