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January 23, 2014 04:25 pm GMT
In what is likely to be Nokia’s last quarterly earnings before it hands off its mobile phone making business to Microsoft, the Finnish mobile maker has reported lower sales of Lumia devices in itsQ4. The company also reportedan operating profit of 408 million Euros — but based mainly on its NSN equipment business. So the decision to cut lose its mobile phone making business looks to be vindicated by these results. In a preview of the earnings, TC’s Alex Wilhelm suggested Nokia should easily sell more than 10 million Lumias in what was after all the holiday quarter. In the event Nokia has not broken out a figure for sales of the Windows Phone devices — noting only a decline, so presumably it sold less than the 8.8 million Lumia reported last quarter. The year-on-year decline in discontinued operations net sales in the fourth quarter 2013 was primarily due to lower Mobile Phones net sales and, to a lesser extent, lower Smart Devices net sales. Our Mobile Phones net sales were affected by competitive industry dynamics, including intense smartphone competition at increasingly lower price points and intense competition at the low end of our product portfolio. Our Smart Devices net sales were affected by competitive industry dynamics including the strong momentum of competing smartphone platforms,as well as our portfolio transition from Symbian products to Lumia products. In its previous earnings report, for itsfiscal Q3, Nokia reported a surprise profit of 118 million ($160 million), with 8.8 million Lumia smartphones sold in the quarter — up from 7.4 million Lumias sold in its Q2. Nokia made an operating loss of115 million ($156 million) in that quarter. In its Q1 Nokia reported 5.6 million Lumias sold — so sales of its Lumia devices were gradually increasing, quarter on quarter. Its Q4 results apparently reverse that trend — and make Nokia’s decision to hand-off its phone business to Microsoft look like a solid one. Back in SeptemberNokia announced it wouldsell substantially all of its phone making business to Microsoft.Thattransaction is still expected to close in the first quarter of this year. Nokia, once the world’s biggest mobile maker, suffered a huge fall from favour, following its February 2011 decision to switch to Microsoft’s Windows Phone platform for smartphone devices and away from its own software. Its total smartphone sales declined for the first time in its Q1 that year, and that decline was
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/O-_zYnQvKBM/
Nokia Says Lumia & Other Phone Sales Declined In Q4 As It Prepares To Sell Division To Microsoft
In what is likely to be Nokia’s last quarterly earnings before it hands off its mobile phone making business to Microsoft, the Finnish mobile maker has reported lower sales of Lumia devices in itsQ4. The company also reportedan operating profit of 408 million Euros — but based mainly on its NSN equipment business. So the decision to cut lose its mobile phone making business looks to be vindicated by these results. In a preview of the earnings, TC’s Alex Wilhelm suggested Nokia should easily sell more than 10 million Lumias in what was after all the holiday quarter. In the event Nokia has not broken out a figure for sales of the Windows Phone devices — noting only a decline, so presumably it sold less than the 8.8 million Lumia reported last quarter. The year-on-year decline in discontinued operations net sales in the fourth quarter 2013 was primarily due to lower Mobile Phones net sales and, to a lesser extent, lower Smart Devices net sales. Our Mobile Phones net sales were affected by competitive industry dynamics, including intense smartphone competition at increasingly lower price points and intense competition at the low end of our product portfolio. Our Smart Devices net sales were affected by competitive industry dynamics including the strong momentum of competing smartphone platforms,as well as our portfolio transition from Symbian products to Lumia products. In its previous earnings report, for itsfiscal Q3, Nokia reported a surprise profit of 118 million ($160 million), with 8.8 million Lumia smartphones sold in the quarter — up from 7.4 million Lumias sold in its Q2. Nokia made an operating loss of115 million ($156 million) in that quarter. In its Q1 Nokia reported 5.6 million Lumias sold — so sales of its Lumia devices were gradually increasing, quarter on quarter. Its Q4 results apparently reverse that trend — and make Nokia’s decision to hand-off its phone business to Microsoft look like a solid one. Back in SeptemberNokia announced it wouldsell substantially all of its phone making business to Microsoft.Thattransaction is still expected to close in the first quarter of this year. Nokia, once the world’s biggest mobile maker, suffered a huge fall from favour, following its February 2011 decision to switch to Microsoft’s Windows Phone platform for smartphone devices and away from its own software. Its total smartphone sales declined for the first time in its Q1 that year, and that decline wasOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/O-_zYnQvKBM/
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