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Nokia reports Q4 results better than expected
2013-01-10 14:18:00| Telecompaper Headlines
(Telecompaper) Nokia said its fourth-quarter results were better than expected, thanks to strong sales of its Lumia smartphones and lower costs. The company said its main Devices & Services division is expected to report an adjusted operating margin of breakeven to 2 percent, better than its earlier forecast of minus 6 percent, plus or minus four percentage points. Revenues at the division are estimated at EUR 3.9 billion for the fourth quarter, with 86.3 million phones sold. That includes 79.6 million traditional mobile phones, of which 9.3 million from the Asha touch series, and 6.6 million smartphones, of which 4.4 million of the Lumia Windows devices. Nokia Siemens Networks also performed better than expected, with sales of EUR 4.0 billion and an adjusted operating margin of 13-15 percent. The company had earlier forecast a margin of 8 percent, plus or minus four percentage points. Nokia said it expects results for the first quarter 2013 to be weaker compared to Q4, due to seasonal effects and ongoing tough competition. The margin at Devices & Services is forecast at minus 2 percent, plus or minus 4 points, and the margin at NSN should be a positive 3 percent, plus or minus 4 points. Nokia will report full quarterly results on 24 January.
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Nokia stresses dedication to Windows Phone platform
2013-01-10 01:00:00| Total Telecom industry news
Finnish vendor says it is eyeing tablet space with interest.
Tags: phone
windows
platform
nokia
Nokia sees better Q4 on brisk Lumia sales
2013-01-10 01:00:00| Total Telecom industry news
Finnish vendor reveals it shipped 6.6 million smartphones in last quarter.
Nokia Twitter giveaways from CES
2013-01-09 00:38:24| Location-Based Services (LBS) Zone
Tags: ces
nokia
twitter
giveaways
India tax officials raid Nokia facility
2013-01-08 18:19:10| CNET News.com
The company has confirmed that it's cooperating with a probe by India's tax authorities, but it's not clear exactly what they were looking for. [Read more]
Tags: tax
india
facility
officials
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