Sells 15.4m smartphones, comprising Asha, Lumia, and Symbian lines.
Apple reached record quarterly revenues of $54.5 billion in Q4 (its fiscal Q1) and sold 47.8 million iPhones. Nokia has followed suit, releasing financials for Q4 and the whole of 2012.
Quarterly revenues fell by 20 per cent year-on-year, hitting €8.04bn in Q4 2012, falling from €10.05bn in 2011. For the full year, revenues were down by 22 per cent to €30.18bn, compared to €38.6bn.
Total mobile device sales were at 86.3m for the quarter, down by 24 per cent year-on-year, with smartphones accounting for 15.9m units. The smartphone portion was composed of 9.3m Asha, 4.4m Lumias, and 2.2m Symbian devices.
Stephen Elop, CEO, Nokia, said: "We are very encouraged that our team's execution against our business strategy has started to translate into financial results. Most notably we are pleased that Nokia Group reached underlying operating profitability in the fourth quarter and for the full year 2012.
"While the first half of 2012 was difficult for Nokia Group, in Q4 2012 we strengthened our financial position, improved our underlying operating margin in Devices & Services, introduced the HERE brand to expand our mapping and location experiences, and drove record profitability in Nokia Siemens Networks.
"We remain focused on moving through our transition, which includes continuing to improve our product competitiveness, accelerate the way we operate and manage our costs effectively. All of these efforts are aimed at improving our financial performance and delivering more value to our shareholders."