Nokia posts a bad quarter but a good year for Windows Phone

Nokia has delivered its last ever set of financial results from its Devices & Services division. 2013 was an encouraging year as a whole, with 30 million Lumia devices sold compared to 13.3 million in 2012, but the fourth quarter had some troubling news, with 8.2 million Lumia handsets sold compared to 8.8 million in the third quarter. In the fourth quarter of 2012, the company sold 4.4 million Lumias.

The Devices & Services division as a whole (that is, including both smart- and dumbphone sales) fared poorly. Handset revenue was down 29 percent year on year to €2.633 billion. The Finnish company attributed the drop simply to “intense competition” in both the smartphone and mobile phone markets.

With Nokia far and away the biggest Windows Phone vendor, Nokia’s performance substantially represents Windows Phone’s performance. With Devices & Services imminently becoming a part of Microsoft, Nokia’s performance also represents what will soon be a small but important part of Microsoft’s performance. But what it means for the future is less obvious.

Read 5 remaining paragraphs | Comments

via Ars Technica http://ift.tt/KMT6Ku

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s