Like a number of other smart phone manufacturers, mobile phone giant Nokia has experienced some problems over the past year in terms of sales and revenues. However, with strong performance in the Windows phones sector signs for Nokia have been encouraging. But it seems that these sales have not been enough to enable Nokia to avoid taking a huge hit in profits,
The mobile phone giant recently posted its fourth quarter figures for last year with the data showing its third consecutive quarter of huge losses despite the strong level of Windows phones sales. In the final quarter the manufacturer showed that it lost 1.07 billion Euro or $1.4 billion. This compared to a profit if 745 Euros just a year earlier. The fourth quarter saw handset sales drop by 29 percent compared to a year ago.
In the final quarter of 2010, Nokia managed to sell 123.7 million total devices compared to 113.5 million devices in the final quarter of 2011. This included 19.6 million smartphones and 93.9 million feature-phones. This reflected an overall year on year drop of 29 percent when it came to handset sales.
However, Nokia CEO Stephen Elop said recently that Nokia was seeing encouraging figures with the new Lumia smartphones that use the Windows Phone operating system. Over one million of these handsets have already been sold according to the figures.
