Whether Nokia continues to revive remains to be seen as the smartphones get commoditized and their product cycle gets shortened.
From the FT:
Nokia provided a tentative sign on Thursday that its smartphone partnership with Microsoft and deep restructuring efforts were paying off as it reported a positive underlying profit margin in its core mobile business for the first time in a year.
Pre-releasing some of its fourth-quarter results two weeks early, the struggling Finnish mobile phone manufacturer said it had shipped 4.4m of its flagship Lumia smartphones in the three months to December, up from 2.9m in the previous quarter.
Nokia is still far from out of trouble after largely missing the smartphone trend, allowing Apple’s iPhone and devices running on Google’s Android platform to dominate.
Nokia’s mobile unit was also boosted by a €50m payment from Research In Motion, the maker of BlackBerry devices, in the latest use by the Finnish group of its extensive patent portfolio to prop up profits.
http://www.ft.com/intl/cms/s/0/820e08d0-5b2a-11e2-8ccc-00144feab49a.html#axzz2HqGF3qWf
Pre-releasing some of its fourth-quarter results two weeks early, the struggling Finnish mobile phone manufacturer said it had shipped 4.4m of its flagship Lumia smartphones in the three months to December, up from 2.9m in the previous quarter.
Nokia is still far from out of trouble after largely missing the smartphone trend, allowing Apple’s iPhone and devices running on Google’s Android platform to dominate.
...it remains a long way behind the sales of South Korea’s Samsung and Apple smartphones, with the iPhone 5 selling more in its opening weekend than Nokia did in the whole quarter.
Nokia’s mobile unit was also boosted by a €50m payment from Research In Motion, the maker of BlackBerry devices, in the latest use by the Finnish group of its extensive patent portfolio to prop up profits.
http://www.ft.com/intl/cms/s/0/820e08d0-5b2a-11e2-8ccc-00144feab49a.html#axzz2HqGF3qWf
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