Nokia Q4 2011 Results

Nokia has released its Q4 2011 results

1. Over 1 million Lumia Windows Phones sold.
2. Nokia’s net sales hit €10 billion ($13.16 billion), with 19.6m smartphones.
3.  Nokia lost a €1.07 billion ($1.4 billion) with sales declined by 21%.
4.  smartphone sales and mobile sales down 31% and 1% respectively.
5.  19.6M smartphones, 17% increase over last quarter, 93.9M feature phones, 5% increase over last quarter

Key quote from Stephen Elop, the CEO of Nokia:

  "The fourth quarter of 2011 marked a significant step in Nokia's transformation. Most notably, in Q4 we introduced new mobile phones and smartphones, which resulted from the strategy shift in our Devices & Services business. 

And, while we progressed in the right direction in 2011, we still have a tremendous amount to accomplish in 2012, and thus, it is my assessment that we are in the heart of our transition.

In summary, with a strong balance sheet, our performance in mobile phones and the new excitement around Lumia, we are confident that we are on the right track to build long-term value."

Source Nokia PDF