Rvealing its preliminary financial results for Q4 2012, Nokia says ‘Smart Devices’ net sales came in at approximately 1.2 billion euros ($1.57 billion), with total volumes of 6.6 million units.
That means Nokia sold more Lumia phones than in the two previous quarters: the company said it sold 2.9 million Lumia devices in Q3 2012, which was down from 4 million in the prior quarter.
Not to kick in an open door, but Q4 2012 included the end-of-year holiday season, making it traditionally stronger than other quarters.
In all, total smartphone volumes in Q4 2012 were 15.9 million units – 9.3 million Asha full-touch smartphones, 4.4 million Lumia smartphones and 2.2 million Symbian smartphones. Yup, Lumia finally beat Symbian!
In its press release, Nokia says its ‘Devices & Services’ unit likely exceeded expectations and “achieved underlying profitability” in the fourth quarter of 2012, as both its Mobile Phones business unit and Lumia portfolio delivered better-than-expected results.
Furthermore, Nokia notes, operating expenses came in lower than expected. That always helps.
Nokia pegs Devices & Services net sales for Q4 2012 at approximately 3.9 billion euros ($5.1 billion), with total device volumes of 86.3 million units.
Nokia also estimates that Nokia Siemens Networks has exceeded expectations for the fourth quarter of 2012.
Nokia CEO Stephen Elop said:
“We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks.
We focused on our priorities and as a result we sold a total of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter.”
The company further estimates that ‘Location & Commerce’ net sales in Q4 2012 were approximately 300 million euros ($394 million) and the non-IFRS operating margin was between 13 and 15 percent.
Nokia also shared a preliminary outlook for Q1 2013: it basically expects operating margins for both ‘Devices & Services’ and ‘Location & Commerce’ to shrink, but expects its margin for Nokia Siemens Networks in the first quarter 2013 to be positive 3 percent-ish.
The company says it will provide more details when it reports fourth-quarter and full-year 2012 results on January 24, 2013.
We’re already looking forward to the earnings call.
via the next web