Nokia releases Q4 2011 earnings report: operating profits drop, Lumia sales break one million

Nokia released its latest quarterly earnings report today, following up on a somewhat disappointing Q3 with a similarly bleak Q4. The Finnish manufacturer finished 2011 with a little more than €10 billion in net sales -- 11 percent higher than Q3, but 21 percent lower than 2010, when Nokia raked in about €12.7 billion. Operating profit, meanwhile, rose by 90 percent over Q3, but is still down on the year by a whopping 56 percent. To date, the company has sold more than one million Lumia handsets, but Espoo acknowledges that there's still a lot of work to do in 2012. In fact, Nokia expects to break even during the first quarter of this year, due in part to lower than expected seasonal sales and to what it calls "competitive industry dynamics." Find more numbers at the source link below. Nokia releases Q4 2011 earnings report: operating profits drop, Lumia sales break one million originally appeared on Engadget on Thu, 26 Jan 2012 06:24:00 EDT. Please see our terms for use of feeds. Permalink   |  Nokia (PDF)  | Email this | Comments from Engadget http://www.engadget.com

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