After six quarters of loss, Nokia finally reports a profit in Q4

Nokia is finally in the black. For over a year without doing it, Nokia has finally turned a profit. For the last four months of 2012 Nokia made $585.7 million. However, the bigger picture for 2012 still leaves Nokia $3 billion in the red. It looks like things are finally on the turn around for the once largest phone manufacturer in the world.

Nokia’s Siemens network attributed for a good portion of the Q4 profit, bringing in $334 million. The devices division contributed $367 million. They confirmed they sold 4.4 million Lumia devices and 2.2 million Symbian phones. While numbers are still sliding, higher profit margins on the Lumia 920 are helping the bottom line.

Also, Nokia netted another $250 million donation from Microsoft, which definitely helped. Overall Nokia’s cash reserves are up for the first time, $5.8 billion from $4.6 billion. Things seem to be looking up though, and this is good for Windows.

[via Engadget]

­


  • http://www.facebook.com/profile.php?id=100000076089998 Zinaida Serebriakova

    Awesome. Take what you can get :)

  • Edgar Cervantes

    Good for Nokia! Seriously, I can only see this getting better. All Android fans thought it was Nokia’s most stupid decision to go with Microsoft. Now I can see that it was the right decision. They have a foothold on Windows Phone, and the platform will only continue to grow.