Lumia 920 Review

Nokia announced its fourth quarter 2012 earnings this morning, noting that it sold 4.4 million Lumia-branded Windows Phone devices during the fourth quarter and 13.4 million units during the year. The Finnish phone maker also shipped 9.3 million Asha-branded devices and 2.2 million Symbian-powered smartphones during the same period, both part of the 79.6 million phones shipped in total.

The sales obviously paid off, as Nokia reported a $584 million operating profit during the quarter, up from the $754 million loss it reported in Q3 2012. "We are very encouraged that our team's execution against our business strategy has started to translate into financial results," Nokia CEO Stephen Elop said. "Most notably we are pleased that Nokia Group reached underlying operating profitability in the fourth quarter and for the full year 2012. While the first half of 2012 was difficult for Nokia Group, in Q4 2012 we strengthened our financial position, improved our underlying operating margin in Devices & Services, introduced the HERE brand to expand our mapping and location experiences, and drove record profitability in Nokia Siemens Networks." 

Elop added that Nokia remains focused on developing competitive phones and improving the firm's financial position.