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.
– 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 traffic information to HERE Drive.
– HERE Net Sales increase by 20% from the previous quarter to €254 million, but reduced by 9% from €278 million reported in Q4-FY12. Annually HERE sales reduced by 17% to €914 million from €1.1 billion.
– Operating Losses from HERE unit reduced this year to 154 million from 301 million in FY12.
Nokia Solutions and Networks
– Nokia says that there was a year-on-year decrease in NSN’s mobile broadband deployment due to lower sales in GSM and core networks, which were partially offset by an increase in LTE sales primarily in Greater China, Europe and Asia-Pacific excluding Japan.
– NSN was granted contract with Sprint in the United States for the deployment of its TD- LTE network; won an LTE contract with China Telecommunications Corporation for nationwide LTE rollout; won Taiwan’s first LTE tender for Chunghwa Telecom; selected by Oi Brasil to supply its LTE network and to upgrade its GSM and 3G networks.
It’s worth noting that Indian operators such as Airtel and Jio that are deploying LTE in India are using also TD-LTE, so may be Nokia should consider working with them.
– NSN is working on research projects with China Mobile Research Institute, the research and development branch of China Mobile, and NYU Research Centre on further development and standardisation of 5G technology
– NSN Sales declined 22% to €3.1 billion from €3.98 billion in Q4 2012 and increased 20% from €2.59 billion in previous quarter. Annually, NSN revenues declined by 18% to €11.28 billion from €13.78 billion in FY12.
– Samsung extended a patent license agreement with Nokia for 5 years.Samsung compensate Nokia for the period commencing from January 1, 2014. The amount to be paid by Samsung will be finally settled in a binding arbitration, which is expected to be concluded during 2015.
– Nokia Research Centre’s Cambridge Lab has developed an ultra-thin transparent, flexible humidity sensor capable of unprecedented response times. The sensor’s fast performance and physical properties make possible a wide range of exciting future applications.
In December Nokia had received a ruling from the Delhi High Court in December for the release of its Indian assets, including the Chennai factory, which had been frozen by the Indian tax authorities due to tax dispute that started in early 2013. The tax dispute has not been settled yet, but now Nokia can proceed with the planned transfer of its Indian assets to Microsoft as part of the latter’s acquisition of Devices and Services division.
– Net sales of the now discontinued mobile handset operations reduced by 29% annually to €10.7 billion from €15.15 billion in FY12. In Q4, it reduced to €2.63 billion, down by 5% QoQ and 29% YoY.
– Operating Losses reduced annually to €590 million from €1.48 billion in FY12. In Q4 however, it had increased to €198 million from €145 million in the previous quarter. Operating loss (non-IFRS) reduced to €520 million from €1.01 billion in FY-12.
– Nokia launched its first Windows tablet, the Nokia Lumia 2520, and its first large screen Lumia smartphones, the Lumia 1520 and Lumia 1320.
– Nokia introduced Nokia Asha 500, Asha 502 and Asha 503.
– Operating profit (non-IFRS) reduced by 39% YoY to €408 million from €670 million in the Q4-FY12 and 19% from Q3-Fy13 when it was €344 million. For FY13, it increased by 26% to €1.4 billion from €1.1 billion in FY12.
– Net cash from operating activities reduced by 40% to €1.1 billion in FY13 from €1.9 billion in FY12. Net cash and other liquid assets reduced by quarter to €2.3 billion from €4.3 billion in Q4-FY12 and from €2.4 billion in Q3-FY13.
– Net sales in Q4 2013 were €3.47 billion, up 18% compared to €2.93 Q3-FY13. In FY13, it fell 17% from €15.4 billion in the previous financial year.