Earlier today, Nokia posted the company’s Q4 2012 results and full year Interim Report.
Nokia made a profit of €202 million, or $269 million: though not as impressive, it’s a huge bump from the $1 billion loss in 2011.
As for the full-year standing, Nokia is down. Sales were only at €30.2 billion compared to €38.7 billion in 2011. Nokia’s Devices & Services operation is also down with fourth-quarter revenue dropping from €6 billion in 2011 to €3.9 billion last quarter.
Pinned but fluttering
The small high encountered during the last quarter may be all Nokia needs to go on, as CEO Stephen Elop remained positive despite the hardships experienced the previous year.
“We are very encouraged that our team’s execution against our business strategy has started to translate into financial results. Most notably we are pleased that Nokia Group reached underlying operating profitability in the fourth quarter and for the full year 2012.
While the first half of 2012 was difficult for Nokia Group, in Q4 2012 we strengthened our financial position, improved our underlying operating margin in Devices & Services, introduced the HERE brand to expand our mapping and location experiences, and drove record profitability in Nokia Siemens Networks.
We remain focused on moving through our transition, which includes continuing to improve our product competitiveness, accelerate the way we operate and manage our costs effectively. All of these efforts are aimed at improving our financial performance and delivering more value to our shareholders,” Elop stated.
Death to Symbian
Though the numbers matter, a single paragraph in the report became the talk of the town. Nokia is killing off Symbian.
“During our transition to Windows Phone through 2012, we continued to ship devices based on Symbian. The Nokia 808 PureView, a device which showcases our imaging capabilities and which came to market in mid-2012, was the last Symbian device from Nokia,” Nokia’s report stated.
You read that right, the Nokia 808 PureView is the last Symbian phone the world will ever see. The reason behind this is that more Windows-based phones sold compared to Symbian, and the company thought it’s about time to focus on money-makers.
Nokia sold only 2.2 million units of Symbian phones during the previous quarter, while Windows Phone-based Lumias sold 4.4 million units.
There are also rumors floating around that the PureView camera will start appearing on future Lumia devices, resulting in a true PureView Windows Phone. According to The Verge, Nokia is already working on the ultimate handset, codename EOS, which will have upgraded sensors as well as a different body made of aluminum.