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January 26, 2012 05:54 pm GMT
Nokia earnings are out, and the contrast with Apple's blow-out quarter results is astonishing. The Finnish phone maker, still the largest in the world by volume, reported a Q4 net loss of 1.07 billion euro, down from a 745 million euro profit in the fourth quarter of 2010.The company's smartphone sales decline paints an even bleaker picture: Nokia sold 19.6 million units in Q4 2011, down a whopping 31 percent compared to the same quarter a year ago (even though it's up 17 percent from Q3 2011 thanks to somewhat decent Lumia sales).
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zajLJUU0q_Y/
Nokia Sold Well Over 1 Million Lumia Phones To Date, Posts 1 Billion Q4 Loss
Nokia earnings are out, and the contrast with Apple's blow-out quarter results is astonishing. The Finnish phone maker, still the largest in the world by volume, reported a Q4 net loss of 1.07 billion euro, down from a 745 million euro profit in the fourth quarter of 2010.The company's smartphone sales decline paints an even bleaker picture: Nokia sold 19.6 million units in Q4 2011, down a whopping 31 percent compared to the same quarter a year ago (even though it's up 17 percent from Q3 2011 thanks to somewhat decent Lumia sales). Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/zajLJUU0q_Y/
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