Nokia’s Q4 2013 results is out and below are the highlights,
Nokia’s net sales in Q4 2013 were EUR 3.5 billion, up 18% compared to Q3 2013
- In Q4 2013, underlying operating profitability for Nokia was EUR 274 million
- NSN has been the highlight yet again. It achieved solid underlying operating profitability, with Q4 2013 operating margin of 11.2% compared to 8.4% in Q3 2013.
- HERE’s external net sales grew to EUR 225 million, an increase of 10% year-on-year and 28% sequentially.
- Nokia announced that Samsung extended a patent license agreement between Nokia and Samsung for 5 years. Samsung will pay compensation to Nokia for the period commencing from January 1, 2014. The amount to be paid by Samsung will be finally settled in a binding arbitration, which is expected to be concluded during 2015
The volume details for smartphones and mobile phones are missing from the report and we could find only this,
On a year-on-year basis, discontinued operations unit volumes declined in the fourth quarter 2013 due to lower Mobile Phones unit volumes, partially offset by higher Smart Devices unit volumes. On a sequential basis, discontinued operations unit volumes increased in the fourth quarter 2013 due to higher Mobile Phones unit volumes, partially offset by lower Smart Devices unit volumes.
Which means, feature phones volume increased Quarter-on-Quarter from Q3 to Q4, but seems Lumia sales declined in Q4 from Q3. Overall there was increase in phones volume from Q3 to Q4.
Read More, click here for full Q4 results.
