Nokia sells “well over” 1m Windows Phones, still makes “1bn loss
Nokia has announced its Q4 2011 financial results, and the large news is Windows Phone sales: “well over 1 million Lumia devices to date” the Finnish company claims. Still, strong out-the-gate demand for the Lumia 800 and Lumia 710 weren’t enough to show Nokia’s ailing books around: the corporate recorded a “954m (.25bn) profit loss in Q4 2011, bringing the ultimate 2011 tally to a “1.073bn (.4bn) loss, down 43-percent year-on-year. Overall sales of devices were down 29-percent year-on-year, with “smart device” shipments right down to 19.6m units from 28.6m a year ago. Gross margin on smartphones also dived, from 28.7-percent to 19.9-percent, though Nokia did at the very least curtail its smartphone expenses by over “150m. “In the war of ecosystems, clearly there are some strong contenders already at the field. And with Lumia, now we have demonstrated that we belong at the field. Our specific intent have been to determine [...]
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