Nokia Q4 2012 Earnings: The Company’s $5.4 Billion Net Cash Won’t Be A Good News For Investors !!

Must Read

Trump Administration Has Landed Its Final Blow On Chinese Companies: Xiaomi Blacklisted!

In its recent move to safeguard national security, the United States’ Trump Administration has decided to go...

Huawei Is Gunning For Acquiring A Fifth Of Android’s Userbase With Its Own HarmonyOS!

After Google’s ban on Huawei in 2019, the Chinese-origin tech company is all set to roll out...

WhatsApp Might Lose 60 Million Indian Users Post Updated Policy Changes, New Survey Reveals!

The Facebook-owned instant messaging platform’s decision to update their privacy and terms of service brought about a...

Yesterday, Nokia Q4 2012 earnings report came to spotlight, and the company performed outstandingly in the last quarter. The quarter was quite impressive in terms of smartphone shipments, but overall mobile handset shipments declined in the quarter, compared to the same quarter of the prior year. Despite, the company reported $10.7 billion revenue for the quarter (or earnings per share of $0.08). In addition, an operating profit of the company reached to $585 million for Q4, 2012.

Nokia Q4 2012 Earnings In Nutshell

As per Nokia Q4 2012 earnings report, the company has now net cash of $5.9 billion. However, last year, the company’s net cash had become a subject of scrutiny, as its profit and sales remained lackluster. Although the company’s health seems quite well this time, but it’s not going to pay out dividend to investors for the last year.


At present, Nokia has two high-end smartphones lines—Windows Phone-based Lumia and Symbian-based handsets. The high-end smartphone lines have contributed $1.6 billion in sales in Q4 for the fiscal 2012. The company sold 86.3 million mobile handsets in Q4 2012, down from 113.5 millions in the same quarter of the prior year. Interestingly, lower-end mobile phones accounted for whopping 92% in terms of volume.

Nokia Lumia

Nokia’s devices and services generated net sales of €200 million for the last quarter. On the other side, its location and commerce division (which includes mapping division) reported an operating loss of $75 million; however, it showed off a significant improvement compared to the last year’s $1.6 billion loss.

Why Did Nokia Perform Well In Q4 2012 ? 

Of course, due to better operational performance and sales of smartphones, Nokia outstandingly performed in Q4 2012. In June last year, the company announced to lay off 10,000 jobs. Apparently, since Stephan Elop being CEO, Nokia has already laid off nearly 16,000 peoples from its device and local business divisions. At present, the company has approximately 46,000 employees. In simple words, the improvement in device sales and cuts in ongoing sales and cost played pivotal role in the company’s earnings for the quarter.

Nokia is still struggling with Windows Platform in the smartphone segment. It has announced that “808 PureView” would be its last Symbian smartphone. The company has decided to focus on two platforms–Windows Phone and its own S40.



Please enter your comment!
Please enter your name here

Latest News

Reliance-Future Deal Is Approved By SEBI But Biyani May Not Be Happy With It!

Despite Amazon trying its best to stick a fork between the Reliance-Future deal, the Indian market regulator...

Skeletons in the Closet? Google-Facebook Involved in Secret Online Advertising Deal

If you can’t beat ‘em, join ‘em. And when two titans happen to decide upon an alliance, there are bound to be...

The Sudden Reappearance of Missing Jack Ma Leaves People Guessing About Many Things!

Jack Ma was preparing to publicly float Ant Group - what was billed to be the largest IPO in the world in...

Apple Foldable iPhone May Surprise You, But It Won’t Launch This Year!

Rumours of a foldable iPhone have long been circulating on the internet. However, until now there was little to no indication Apple...

Snapchat Spotlight: A New Way for Creators to Earn Money

Short-form video applications have increased overwhelmingly in popularity in recent times. The surge in this format of online content, according to most,...

COVID-19 Unemployment Leading To Ageing Indian Workforce, CMIE Reports

The latest data shared by the CMIE aka Centre for Monitoring Indian Economy has highlighted a huge red flag.

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This