Nokia’s financial problems continue, but the stock price rises

It is strange to see somehow that the largest company, which most recently was the leader of its industry, is gradually moving into outsiders. This also applies to the “iron” sphere and the financial sphere. So, yesterday, Nokia published another financial report for the last quarter of last year. The report says about a nearly 30% drop in sales of mobile phones, plus that the company's loss over a specified period of time amounted to $ 1.4 billion. The most interesting thing is that this news had a positive effect on traders on the exchanges, since everyone expected even more negative results. As a result, Nokia shares rose in price by about 7%.

In the report, in addition to the above negative, there are positive data. So, the number of Lumia smartphones sold, where Windows Phone is used as the OS, is a million with something devices (it was something that was not announced, it is simply said that more than a million Lumia were sold). In general, for the pilot model, this is not bad at all, agree.
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The total number of mobile phones sold in the fourth quarter of 2011 was almost 20 million smartphones, plus almost 94 million “dialers. In the fourth quarter of 2010, 127.7 million mobile devices were sold, while in the same period of 2011, 113.5 million were sold. Well, the price of a single mobile phone dropped from 69 to 53 euros on average. This year, the company is hoping for its new mobile phones running on Microsoft OS. According to independent analysts, this year about 37 million mobile devices based on this OS can be sold.

With regard to financial performance, last year, Nokia, everything was good - the profit was, in the amount of 884 million euros. This is the fourth quarter of 2010. Well, this year, as already mentioned above, is a loss, with a loss of $ 1.4 billion.

Via engadget