Nokia doubles Lumia sales In fourth quarter: Elop

Nokia has surprisingly passed to the fourth quarter higher than it was expected in the forecasts of the Finnish-based company. Among other data, the technology giants have confirmed that it sold 4.4 million Lumia phones in the
last quarter.

Positive data have uplifted the company’s stock to reach 18 percent in the Helsinki Stock Exchange, but later the increase was reduced to 9 percent.

Nokia’s CEO, Stephen Elop, was delighted to know about the "solid" fourth quarter of 2012, which have exceeded expectations and achieved profitability in its core services and devices unit, which in the case of Nokia Siemens Networks division has reached record
levels.

"We focus on our priorities and as a result we have sold 14 million Smartphone, Asha and Lumia in an efficient way, and Nokia Siemens Networks has produced another very good quarter," he added.

Specifically, the net sales of their devices and services unit totaled 3,900 million Euros in the third quarter, while the number of devices sold reached 86.3 million units, of which 4.4 million were smartphone “Lumia” better data than what they expected.

Nokia also stressed that it sold 9.3 million and 2.2 Asha phones with symbian operating system. So, expect the operating margin in the fourth quarter of this division to move between 2% and breakeven, compared with its previous forecast, we expected that the
margin will be around -6%.

Meanwhile, operating expenses were lower than expected, because they saved more by following in a new restructuring program. However, Elop warned that the seasonality of the business and the competitive environment is expected to have a negative impact on the
underlying profitability of this division in the first quarter of 2013 compared with the last of 2012.

For Nokia Siemens Networks, has also exceeded expectations with sales of approximately EUR 4,000 million and an operating margin of between 13% and 15%, above 8% collected in the latest forecast. Moreover, while cost management has been better than expected,
also expects a negative impact in the first three months of the year in its underlying profitability.

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Posted by Farasat Ali on Jan 11 2013. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry