Nokia, the Finnish mobile giant has revealed its sales estimates for the past year's fourth quarter. According to the result, the company had sold about 4.4 million Lumia smartphones and 9.3 million Asha phones in 2012. It is also to be noted that the company had shipped a total of 86.2 million devices which included 79.6 million mobile phones and 6.6 million smartphones.
"We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability in Devices & Services and record underlying profitability in Nokia Siemens Networks," Nokia CEO Stephen Elop said in a statement. "We focused on our priorities and as a result we sold a total of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter.
The company has recently classified Asha devices as smartphones and calculated its estimates to be 15.9 million devices for the quarter which ended in December 2012. Further, the company also had shipped 2.9 million Lumia smartphones and 6.5 million Asha phones in the third quarter of 2012. Which means, that the sales figures of Nokia saw an increase of 3 million in the last quarter.
Further, Nokia informed that a better-than-expected performance of its smartphones returned profitability. The company also boasted that it was able to count lower operating expenses for the service business and devices which lead the company positively.
Nokia is keen on its priorities and this showed up in its sales last quarter. Effective cost management by Nokia was also a key factor for its high sales in the market.
The company expects the sales to be a bit low in the first quarter of 2013 taking into account a low consumer demand and fierce competition in the market. Nokia is expected to reveal more details about its financial gains in the last quarter, and the year 2012 as a whole, on January 24, 2013. It is also expected that, the mobile giant will gear up its Lumia sales in the coming months.