Nokia buoyed by Windows Phone 8 Lumia smartphones
Nokia has published its fourth-quarter financial results which were buoyed by better-than-expected mobile sales and exceeded industry expectations.
Indeed, the Finnish-based company confirmed it sold 6.6 million smart devices during the quarter worth an impressive $1.57 billion. Two thirds of those devices were apparently Lumia branded handsets.
Meaning, two thirds of all sold smart devices ran Microsoft's Windows Phone operating system.
As expected, the 4.4 million Lumia smartphones sold during Q4 is significantly higher than the units shipped by Nokia during the two previous quarters of 2012.
Indeed, Nokia reported 4 million units sold in Q2 of 2012 and only 2.9 million sold in Q3. Breaking down the numbers a little further, Nokia confirms it sold 9.3 million Asha phones and 2.2 million Symbian devices during Q4 for a total of 15.9 million smartphone units.
Windows Phone 8 devices haven't proven to be nearly as popular as Microsoft and its partners had originally hoped. To be sure, the market is still dominated by the iPhone and Android devices, a trend that shows no sign of slowing down anytime soon. Still, Microsoft and Nokia are hoping to firmly clinch third place as Windows Phone does seem to offer a viable alternative to Google and Apple for some users.
"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," said Nokia CEO Stephen Elop.
"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."