Nokia posted a banner Q4 on Thursday, fueled in large part by brisk sales of the Lumia smartphone. The news was a pleasant surprise to shareholders as the company had forecast a loss as recently as October. Of the total 86.3 million devices sold, 4.4 million units were from the Lumia line, a significant uptick from the 2.9 million Lumias sold in Q3. Nokia’s operating margin was estimated between breakeven and positive 2 percent, compared with the previous outlook of approximately negative 6 percent, plus or minus four percentage points.
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Nokia Gets Its Mojo Working
Posted by: Erika Morphy January 11, 2013 09:45 AMNokia posted a banner Q4 on Thursday, fueled in large part by brisk sales of the Lumia smartphone. The news was a pleasant surprise to shareholders as the company had forecast a loss as recently as October. Of the total 86.3 million devices sold, 4.4 million units were from the Lumia line, a significant uptick from the 2.9 million Lumias sold in Q3. Nokia’s operating margin was estimated between breakeven and positive 2 percent, compared with the previous outlook of approximately negative 6 percent, plus or minus four percentage points.