News |

Nokia Q4: Fewer smartphones sold

Fourth quarter 2011 Nokia smartphone sales declined sharply. According to results published on Thursday, smartphone sales fell 31 percent from a year earlier to 19.6 million handsets.

Nokia Lumia 800.
Nokia Lumia 800. Image: Nokia

Nokia on Thursday reported what it called "solid" Q4 performance in mobile phones and a strong balance sheet, with net cash and other liquid assets of EUR 5.6 billion at the end of Q4 2011. The Nokia board of directors will be proposing a dividend of 0.20 euros per share for 2011.

Nokia's fourth quarter core earnings per share of 0.06 euros compared to market expectation for 0.04 euros.

Fourth quarter smartphone sales were down to 19.6 million handsets, compared to 28.6 million for the same period of 2010. Nokia said that it had sold about one million of its new Windows-based Lumia series smartphones.

Nokia unveiled a high-profile strategy shift to Microsoft software on its smartphones last February in a bid to rival Apple and Google's Android. Apple this week released record quarterly results, reporting profits of 13 billion dollars during the last three months of 2011.

Altogether, Nokia Q4 mobile phone sales totalled 113.5 handsets, a decline from the 123.7 million sold during the final quarter of last year.

Even so, results were better than expected and the Nokia share price rose by around 7 percent on the Helsinki Stock Exchange immediately after figures were released.

Discuss this topic 0 comments

Write a comment

Use a nickname. We don't publish comments using real names.

Stick to the topic. Only comments relevant to the subject will be published.

Reply this question. We want to make sure this comment is not generated automatically.

Your comment will be read by an editor before publication. We want to offer the opportunity for a well-reasoned, quality discussion including a variety of views. For more specific rules of the game, click here.

Latest in: News

Headlines

News

Banks forced to accept foreign ID in landmark tribunal ruling

Finland’s Discrimination Tribunal has ruled that banks cannot discriminate against people who only hold identity documents issued by foreign governments. The case was brought by an Estonian who was denied internet banking codes by the S Bank group despite holding a valid Estonian passport. The tribunal rejected S Bank’s argument that holders of foreign documents represent a greater risk of money laundering or terrorist financing.

Our picks

Latest

Muualla Yle.fi:ssä