Facts and figures
Nokia's fourth quarter results continued the company's long-running decline since Stephen Elop took over as CEO. Sales were down by 19.6 per cent on the same quarter in 2011, falling from €10bn (£8.5bn) to €8.04bn (£6.8bn). However, due to lower costs, the company claimed an operating profit of €439m (£370m) in the quarter, compared to an operating loss of €954m (£810m) a year earlier.
However, smartphone sales remain well down due to the collapse in sales of Symbian-based phones after the company decided two years ago to discontinue the operating system. The company sold just €1.23bn (£1.04bn) of smartphones, down 55 per cent, selling just 6.6 million smartphones in the quarter - that compares to almost 50 million iPhones sold in the same period.
Three-quarters of Nokia's smartphone sales were either obsolete Symbian phones, or obsolete Windows Phone 7 smartphones, which Nokia was forced to discount to clear following the launch of Windows Phone 8. Only around two million flagship Windows Phone 8-based Lumias were sold in the quarter.
Over the year, Nokia's net sales fell by 22 per cent, from €38.7bn (£32.8bn) to €30.2bn (£25.6bn). The company posted an operating loss for the year of €2.3bn (£1.46bn) compared to a loss of €1.1bn (£932m) in 2011. However, research and development costs were cut by 14.3 per cent from €5.6bn (£4.75bn) to €4.8bn (£4.07bn). Cash outflows amounted to €1.5bn (£950m), including dividend payments of €750m (£635.6m).
However, recovery at Nokia Siemens Networks was one bright spot in an otherwise gloomy set of results for Nokia, contributing €1.3bn (£1.1bn) to Nokia's net cash position.
There is a lot of attention being paid to how business leaders can use the mobile computing preferences of employees and customers to be more responsive, efficient and successful. This white paper runs through five security considerations for the mobile age.
This Dummies white paper will help you better understand business process management (BPM)