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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?

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

John McCann

Global Managing Editor

John got his first phone aged 12 and since then he's been fixated on all things mobile. Previously Phones Editor, John now looks after the day-to-day running of the site. When he's not got his head buried in mobile tech, you'll find John sitting behind the wheel in his regular TR Drives column.