Nokia lurches to billion Euro loss amid smartphone disaster


Nokia lurches to billion Euro loss amid smartphone disaster

Alex Scroxton

The sickness plaguing one time mobility giant Nokia shows no sign of abating after the firm plunged to a full-year operating loss of over a billion Euros, while full-year sales fell 9% to €38.6bn (£32.3bn).

Despite a positive reception for its Lumia smartphone range, full-year smartphone sales dropped 27% to €10.8bn, while non-smartphones were down 13% to €11.9bn. On a quarterly basis, smartphones were down 38%.

This comes in spite of Lumia sales already hitting over a million, and amid reports that Nokia is preparing to launch the Lumia 900 on AT&T's network in the US and will price it "aggressively", according to our sister title

Nokia and Microsoft still fully intend to take on the might of Apple and Google's Android operating system with their collaboration, which represents Microsoft's boldest attempt to break into the smartphone market, ditching the enterprise approach it took on previous generations of Microsoft-powered smartphones.

Meanwhile, analyst IHS iSuppli this morning reported that Nokia is still the third largest phone maker, although its annual growth has declined 23% to 77 million units in 2011.

Apple ranked top in global smartphone shipments in the fourth quarter for obvious reasons, but it was Samsung that proved the star performer for 2011 as a whole, shipping 95 million smartphones, up from 25 million in 2010.

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