Nokia has issued its fourth quarter and full-year financial results.
Net sales were down 9% for the year to €38.7 billion, while operating profit has fallen from €2.1 billion last year to a loss this year of €1.1 billion - most of which resulted from the final quarter’s trading. Nokia says it aims to break even in the first quarter of 2012.
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Telecoms equipment business Ericsson has released quarterly and annual results, showing a rise in annual sales.
Net sales for the year were up 12% to 226.9 billion kronor (£21.4 billion), with net annual income up 12% to 12.6 billion kronor. However, Q4 income was down 66% year-on-year.
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Apple’s Tim Cook recently described 2011 as the year of the iPad. Now new figures from Strategy Analytics show how much of a hold the Apple iOS has over its tablet rivals.
The fourth quarter of 2011 saw almost 27 million tablets shipped worldwide, according to the Strategy Analytics Tablet & Touchscreen service.
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