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Nokia slowly turning fortunes around, but it's still got a way to go

Nokia slowly turning fortunes around, but it's still got a way to go
Nokia turns a decent profit, but has it turned the corner?
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Things are looking up over at Nokia as the Finnish firm posted a healthy profit for the final quarter of 2012.

Nokia managed to rack up €8.04 billion (around £6.76 billion/$10.7 billion) of profit during the last three months of 2012, which is 33 per cent up on the same period in 2011 and a massive 714 per cent gain on the third quarter in 2012.

The firm also highlights that it experienced a turbulent start to the year and this is reflected in its annual profit dipping 93 per cent year-on-year between '11 and '12.

Lumia is shifting

When it comes down to device sales Nokia shifted 4.4 million Lumia handsets - including the Lumia 920 and Lumia 820 - in the final quarter of last year which sounds impressive until you compare it to the competition.

In the same period Apple managed to sell 47.8 million iPhones – which puts Nokia's position in the market into its true perspective.

The upturn at the end of 2012 is a positive sign for the firm and Windows Phone – which Nokia now relies solely on for its smartphones – and we hope it can continue this upwards trend in 2013.

From Nokia (opens in new tab)

John McCann
John McCann

John joined TechRadar over a decade ago as Staff Writer for Phones, and over the years has built up a vast knowledge of the tech industry. He's interviewed CEOs from some of the world's biggest tech firms, visited their HQs and has appeared on live TV and radio, including Sky News, BBC News, BBC World News, Al Jazeera, LBC and BBC Radio 4. Originally specializing in phones, tablets and wearables, John is now TechRadar's resident automotive expert, reviewing the latest and greatest EVs and PHEVs on the market. John also looks after the day-to-day running of the site.