Nokia's Chief Executive, Stephen Elop said, during the company's earnings call on Thursday, that the company was making progress in resolving supply issues with its new Lumia 920 smartphones.
"During the fourth quarter of 2012, we shipped 6.6 million Smart Devices units of which 4.4 million were Lumia devices. We are pleased with the initial consumer response to our new Lumia devices during our early ramp-up period, which also experienced some supply and strengths." said Elop
Elop also reported that Nokia's made an operating profit of $585 million on a $10.73 billion revenue, managing to ship 79.6 million mobile phones and sell over 4.4 million Lumia devices, up from 2.9 million in Q3, and “volumes were adversely affected by supply constraints.”
The uptick in Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V) sales for the quarter contributed €8.04 billion ($10.73 billion) to its overall revenue, which after Nokia's continued restructuring and other costs resulted in a €439 million ($585 million) profit.
Nokia’s CEO, stated that “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… 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.”
Elop told reporters through a conference call that the Finnish mobile company welcomed all options for Nokia Siemens Networks. Reuters reported that Nokia might take its network equipment venture with Siemens public.
The Finnish mobile company is rumored to be planning the launch of a new flagship device in the coming months.