Latest Podcast



Featured Articles

Thursday, January 23, 2014

Nokia annual results show a return to profit

The latest financial results from Nokia show the company making a net profit of €41 million (£33.7m) for 2013, which compares favourably with a €1.483 billion loss in 2012. Annual net sales for the group were €12.7 billion (£10.5m), down 17% year-on-year.

Nokia’s NSN division - which manufactures network equipment and will be the main part of the company when its devices and services is taken over by Microsoft - made a net profit of €15 million (£12.3m), compared with a net loss of €1.4 billion in 2012.

However, the results also show that year-on-year handset sales fell in the final quarter of 2013, as did sales at NSN, resulting in a loss for Q4 2013.

Risto Siilasmaa, Nokia Chairman and interim CEO, said “The fourth quarter of 2013 was a watershed moment in Nokia’s history. Having received overwhelmingly strong support from our shareholders at our extraordinary general meeting in November for the sale of our phones business to Microsoft, we are diligently working towards defining Nokia’s future direction. I am pleased with the progress we have made thus far in our strategy evaluation and excited by the opportunities ahead for each of our three continuing businesses: NSN, HERE and Advanced Technologies.”

“The strength of NSN’s underlying profitability highlights just how fundamentally different the company is today, compared with two years ago when it started its restructuring and transformation program. Today, we are more focused, more innovative and more disciplined. With these fundamental elements in place, we believe NSN is well-positioned to deliver solid business performance for the year ahead.”

The Nokia/Microsoft deal, which is worth €5.44 billion (£4.48bn) to Nokia, is still awaiting final regulatory approval although Nokia says it’s already received the majority of regulatory approvals for the transaction.

[Nokia Q4 and full-year 2013 results (pdf)]

For the latest mobile industry news every week, download our free podcast. You’ll find it on our website, by subscribing free via iTunes, by using our RSS feed or on the Stitcher.com mobile app.
Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Categories: Handsets and manufacturers, NewsNumber of views: 5021

Tags: nokia smartphone microsoft

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Opinion Articles

How AI technology is transforming the smartphone experience

How AI technology is transforming the smartphone experience

From improved performance to personalized recommendations, AI is enhancing the functionality and usability of smartphones for users

By incorporating advanced algorithms and machine learning capabilities, AI can help to optimize a smartphone's performance, providing users with a faster, more efficient and user-friendly experience.
Author: The Fonecast
0 Comments
Article rating: No rating
Whatever happened to all my tech?

Whatever happened to all my tech?

Mark Bridge revisits his mobile technology reviews

Mark Bridge writes:

I've been taking a look back at the devices I've written about during the past few years. Some are still faithful companions, others... well, let's just say my faith was misplaced.
Author: The Fonecast
0 Comments
Article rating: No rating

Predictions for 2016: Network Function Virtualisation, 4G throttling and video calling

Mark Windle, head of marketing at OpenCloud, predicts that this year’s reduction in the number of traditional telecoms operators in some countries will provide an opportunity for other operators to innovate and capture market share in 2016.

He says next year will be a year of rapid change for telecoms… whether it’s MVNO disruption, competitive tariff pricing or simply defence from the ‘dark art’ of hacking.

Author: The Fonecast
0 Comments
Article rating: No rating
Kapture review: the audio-recording wristband

Kapture review: the audio-recording wristband

A 'recording watch' that links to your smartphone

Mark Bridge writes:

The most memorable moments in life often go unrecorded. You don't have your camera in your hands. Your finger is still hovering over the 'pause' button on your audio recorder. Or you were simply too busy experiencing whatever was happening. It's all about the one that got away.

That's where Kapture can help.

Author: The Fonecast
4 Comments
Article rating: 4.0
Making mobile websites work better

Making mobile websites work better

Device detection and responsive design explained

Mark Bridge writes:

James Rosewell shows me a colourful roll of paper that's the width of an iPhone but well over three metres long. When I look closer, I can see it's a printed copy of the Wall Street Journal's mobile website. That's a lot of scrolling to do... and a pretty unfriendly user experience for anyone reading the news online. Why does it work so badly?

Author: The Fonecast
1 Comments
Article rating: 4.0
RSS
12345678910Last

Recent Podcasts

From the archive: some of our favourite mobile industry interviews from 2007, 2008 and 2009

Podcast - 5th June 2013

We're celebrating the seventh anniversary of The Fonecast this month with a handful of our favourite interviews from the early years.

You'll hear Ben Whitaker from Masabi, Truphone co-founder James Tagg, former Olympic athlete Steve Backley OBE and online banking pioneer Steve Townend.

Author: The Fonecast
0 Comments
Article rating: No rating

The latest mobile industry news: from the delayed 'Facebook phone' to life-saving QR codes

Podcast - 29th May 2013

This week's podcast begins with a report about a delay - or perhaps even cancellation - for the UK launch of HTC's Facebook phone, the HTC First.

We then move on to Vodafone's results, an Android app scare for Sky, Samsung's successes, contactless payments, potentially life-saving QR codes and an uncomfortable story about a smuggled mobile phone.

Author: The Fonecast
0 Comments
Article rating: No rating

New devices from BlackBerry, HP and Jolla... plus a new purchase for Yahoo

Podcast - 22nd May 2013

We start this week's podcast by talking about Yahoo and Tumblr before moving on to discuss Google's recent developer conference.

There are product announcements from BlackBerry, HP and the former MeeGo developers at Jolla... and there's some interesting mobile app news as well.

Author: The Fonecast
0 Comments
Article rating: No rating

Good news from Nokia, unwelcome headlines for EE and a profitable year at Sony

Podcast - 15th May 2013

Three new smartphones launched at three separate events. Yes, Nokia has definitely been busy in the past few days.

As well as talking about Finland's finest phones, we also discuss recent claims made about EE, annual results from Sony, smart metering, 5G technology, virus protection, Vodafone and the worldwide growth of mobile phones.

Author: The Fonecast
0 Comments
Article rating: No rating

From airports to airtime... and from mobile ads to mobile apps

Podcast - 8th May 2013

We start today's programme with the promise of a faster roll-out for the UK's mobile broadband services.

Next on the agenda is tablet sales... followed by mobile security, mobile boarding passes, quarterly results, acquisitions, advertising and management succession.

Author: The Fonecast
0 Comments
Article rating: No rating
RSS
First1718192022242526Last

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«September 2024»
MonTueWedThuFriSatSun
2627282930311
2345678
9101112131415
16171819202122
23242526272829
30123456

Archive

Terms Of Use | Privacy Statement