Feeds

Small pile of cash, dying platform: 2011 is bad news for Nokia

Sales, profits, margins, all spiralling down

Choosing a cloud hosting partner with confidence

Nokia's results for 2011 show the company has shipped a million Lumia handsets and has cash in the bank, but other than that there's nothing good to report.

The results (PDF, dull, dull, dull) show last year's operating profit of €2,070m turned into a loss of €1,073m, based on sales which were down almost 10 per cent compared to 2010. The company's Windows-Phone-based Lumia isn't selling as fast as hoped, and it seems that Symbian isn't proving as popular as it used to be either, all of which is bad news for Nokia.

Nokia tried to be upbeat, pointing out that the company has plenty of cash and that 2012 will be "a year of transition", though what Nokia is transforming into remains to be seen. The projection that Nokia would ship 150 million Symbian handsets during the migration to Windows Phone is looking increasingly optimistic as no one seems to want to develop apps for a platform with a scheduled death.

As Nokia puts it: "Market conditions are putting increased pressure on Symbian. In certain markets, there has been an acceleration of the anticipated trend towards lower-priced smartphones with specifications that are different from Symbian’s traditional strengths."

Not that Nokia has helped much: yesterday the company launched the Asha 300, a Series 40 handset with a touchscreen, 1GHz processor and Angry Birds pre-installed, leaving Symbian with no gap to fill between smart and feature phones.

Microsoft did chip in $250m in "platform support payments", the first installment of the bribe which drove Nokia into Redmond's arms, and Nokia is making lots of noise about its "Location & Commerce Business" which is behind the spread of Nokia Maps. Those will be replacing Bing Maps across Microsoft's portfolio, pushing the Nokia brand onto the screens of competitors' handsets which could prove controversial.

Nokia Siemens Networks, the infrastructure arm of the company, had a bad time of it too, though the company points out that it has been busy acquiring Motorola's infrastructure operations so one shouldn't compare year-on-year results.

Nokia will pay a slight higher-than-expected dividend on the year, which appeased investors, but there's little else in the results to be happy about. ®

Providing a secure and efficient Helpdesk

More from The Register

next story
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
MOST iPhone strokers SPURN iOS 8: iOS 7 'un-updatening' in 5...4...
Guess they don't like our battery-draining update?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.