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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

January 23, 2014 at 9:37 AM

Nokia’s handset business, on eve of Microsoft takeover, sees sales slump

Nokia, whose Devices & Services business is expected to become part of Microsoft soon, reported a big slide in its its fiscal fourth quarter results today.

Probably most worrisome to Microsoft, Nokia’s Devices & Services division, which Nokia labeled as “discontinued operations” in its earnings report, saw a sales slide of 29 percent, going from $5.06 billion (3.7 billion euros) in the year-ago period to $3.6 billion (2.6 billion euros).

The division suffered an operating loss of $270 million, compared to an operating profit of $132.7 million in the third quarter. Notably, the fiscal fourth quarter included the holiday season, when sales of devices are expected to go up.

Nokia reported its Devices & Services division’s full-year 2013 sales were also down 29 percent.

The Wall Street Journal reported in a tweet that Nokia had confirmed it sold 8.2 million units of its Lumia line of Windows Phones in its fourth quarter. That’s about double the 4.4 million Lumia handsets the company sold in the same quarter last year but it’s down from the 8.8 million it sold in the previous quarter.

Overall for full-year 2013, the company sold 30 million Lumia handsets, twice as many as in 2012, according to The Associated Press, which also reported that Nokia suffered an operating loss of  $34 million (25 million euros) in its fiscal fourth quarter running October through December.

The Finnish phonemaker reported net sales of its continuing operations — the divisions that Nokia will retain after its Devices & Services business moves to Microsoft — of $4.79 billion , down 21 percent from the $6.01 billion in the year-ago period.

 Nokia shares are trading this morning at $6.99, down 9 percent.

Comments | More in Microsoft | Topics: lumia, nokia

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