Nokia Reveals Their Results for Q4 2011 – $1.3 Million of Operating Loss

Nokia has just revealed their earnings report for the fourth quarter of 2011 thorough a press release. This time also, Nokia has experienced quite a lot of loss and is too far away from getting a bit of profit. They have posted a heavy loss of €954 million i.e. around $1.3 billion, although they have stated about the sold out  of 1 million Lumia devices till date. Well, their operating profit has improved a bit in the fourth quarter as compared to the third quarter of 2011, approximately around 11% of improvement, as their revenue for the third quarter was around €10 billion i.e. $13.2 billion.

Although, it is still quite worst as compared to their previous year but they are now seemed to be getting improved as compared to the previous quarter of 2011. As per their report, they have made a total of 10,005 billion net sales along with selling over 1 million Lumia devices till date. In the fourth quarter, their net cash from operating services has also been dropped by 74% as compared to the fourth quarter of 2010, i.e. they have received only 644 billion of net cash while they had gotten 2,436 billion of net cash in the fourth quarter of 2010. Apart from that, they have reported a total net sales of 5,997 billion devices & services, among which 3,040 were mobile devices and 2,747 of smartphone devices. Additionally, they have also mentioned in their report that they have made a total operating profit of 203 billion from all of their devices and service, which is 81% less than their fourth quarter of 2010.

They have also conveyed in their report that Nokia Board of Directors will soon propose a dividend of €0.20 per share for 2011 (€0.40 per share for 2010), and also mentioned that they have received $250 million from Microsoft because of using Windows Phone Operating System for Nokia’s Lumia Devices. Well, this report is pretty impressive as compared to their previous report revealed in the last of third quarter, and it is indicating that Lumia Devices are able to grab attention of some smartphone lovers and can do something unique for the company in the future. Well, as for now, you may expect for an improved and better report in the first quarter of 2012!

You can also have a look at the official report right upon here or you can also download the report in PDF from here.