Nokia sells over a million Lumias but records US1.2 billion loss in Q4 2011

NokiaNokia today announced its Q4 FY2011 financial results. Revenues for the quarter came in at just over €10 billion (US$13 billion), a 21% year-over-year slide, and it recorded a €954 million (US$1.2 billion) operating loss. In terms of mobile devices, Nokia shipped 113.5 million feature phones, down 8%, and 19.6 million smartphones, down 31% from the same quarter a year ago.

While “pleased with the performance of our mobile phones business,” Nokia also recognizes that it has a “tremendous amount to accomplish in 2012.” Its transition to Windows Phone is off to a decent start. It confirmed that it had sold “well over 1 million Lumia devices to date.” It also has high hopes for its re-entry into the North American market and promises more in 2012:

In the war of ecosystems, clearly there are some strong contenders already on the field. And with Lumia, we have demonstrated that we belong on the field. Our specific intent has been to establish a beachhead in this war of ecosystems, and country by country that is what we are now accomplishing. To date we have sold well over 1 million Lumia devices. From this beachhead of more than 1 million Lumia devices, you will see us push forward with the sales, marketing and successive product introductions necessary to be successful. We also plan to bring the Lumia series to additional markets including China and Latin America in the first half of 2012.

Nokia’s financial statement also outlines that it received a “platform support payment from Microsoft.” The US$250 million (€180 million) paid by Microsoft was the first quarterly payment in an agreement that will “measure in the billions of US Dollars” over the lifetime of the agreement between the two companies.

Nokia is another player for whom 2012 will be a critical year…

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