Nokia today announced preliminary financial report, week before the Q4 results and for once we are hearing positive news.
Nokia has sold 4.4 million Lumias and 2.2 million Symbian handsets in Q4 2012. Meaning in total 6.6 million smartphones sold. On the Asha front Nokia sold 9.3 million Asha Full Touch phones. Nokia has also exceeded previous expectations in Devices & Services unit and on Nokia Siemens Networks.
Nokia currently estimates that Devices & Services net sales in the fourth quarter 2012 were approximately EUR 3.9 billion, with total device volumes of 86.3 million units.
- Mobile Phones net sales of approximately EUR 2.5 billion, with total volumes of 79.6 million units of which 9.3 million units were Asha full touch smartphones.
- Smart Devices net sales of approximately EUR 1.2 billion, with total volumes of 6.6 million units of which 4.4 million units were Nokia Lumia smartphones.
- Total smartphone volumes of 15.9 million units composed of 9.3 million Asha full touch smartphones, 4.4 million Lumia smartphones and 2.2 million Symbian smartphones.
- Devices & Services Other net sales of approximately EUR 0.2 billion, including a positive impact from non-recurring IPR income of approximately EUR 50 million.
This all means that the previous estimates by Nokia of still not being able to hit profitable in Q4 will not be the case. Nokia estimates its Q4 results will break even or positive 2 percent. This has naturally resulted Nokia’s stock to skyrocket 16% right after announcement to 3.48€.
Within the Devices & Services business, better than expected financial performance in the Mobile Phones business unit and Lumia smartphones. In addition, Devices & Services recognized non-recurring IPR income of approximately EUR 50 million; and
- Lower than expected Devices & Services’ operating expenses, partially due to greater than expected cost reductions under the restructuring program.
You can read the whole Press Release from here