Finnish giant's fiscals show it's still in transition.
It's going to take a while longer to tell whether Nokia's big WinPho experiment can be termed a success.
The firm's Q4 revenues stood at 10bn euros, down 21 per cent year on year.
Of course, Q4 was the big quarter for Nokia, marking its switch from Symbian to WinPho at the very top end of the smartphone market.
1m Lumia sales represents a pretty good start, if not spectacular (given iPhone 4S's 4m in a weekend, and Galaxy S's 10m in five months). So the focus now moves to 2012 and the arrival of Lumia in China and LatAm, and the expectation of further product launches.
Overall, handset unit sales were down eight per cent to 113.5 million, and within this feature phone sales hit 93.9 million. That's down by just one per cent.
Article continues belowAdvertisement
Conversely, smartphones slid 31 per cent to 19.6 million devices, grossing sales of 2.74 billion euros, down 38 per cent.
Device revenues overall fell 29 per cent to 6 billion euros.
There was better news from emerging markets, where Nokia achieved double-digit percentage growth in its dual SIM business, and introduced the Asha smartphone-lite series into 76 markets around the world.
Stephen Elop, CEO of Nokia, said: "Our specific intent has been to establish a beachhead in this war of ecosystems, and country by country that is what we are now accomplishing.
"From this beachhead of more than 1 million Lumia devices, you will see us push forward with the sales, marketing and successive product introductions necessary to be successful.
"And, while we progressed in the right direction in 2011, we still have a tremendous amount to accomplish in 2012, and thus, it is my assessment that we are in the heart of our transition."
See the full report here.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!