http://www.blogcdn.com/www.engadget.com/media/2013/01/nokiahq-1350494702-1358421097.jpg From somewhere atop a Finnish mountain, Stephen Elop is both bellowing and whispering Nokia’s fourth-quarter and full-year financials. The world’s former number one has finally made a quarterly profit, with the final three months of the year raking in $585.7 million. However, the baggage of those previous losses weighed low on the annual report, as it’s reporting a $3 billion loss for its overall performance in 2012. How does that translate into handsets? It shipped 4.4 million Lumia handsets and 2.2 million Symbian smartphones. Those numbers are still sliding, but as phones like the 920 are priced higher, the company is seeing positives to its bottom line. America, however, is still shunning the company’s handsets writ-large, with only 700,000 being sold in the US this quarter. That figure is up from the 300,000 from Q3, but not enough to say it’s become a hit in the States.
Nokia also saw $997 million come from its Nokia Siemens Networks infrastructure business, while Location and Commerce made a quarterly loss of $74 million. Factor in another $250 million donation from Microsoft, and the company actually saw its net cash increase for the first time in over a year – with its reserves up to $5.8 billion from $4.6 billion in the Autumn.
Developing…
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Source: Nokia (PDF)