Nokia’s 2011: 77.3 Million Smartphones, 339.8 Million Mobile, and $1.4 Billion Operating Loss

Posted on Mar 9 2012 - 6:23am by Editorial Staff

The Finnish mobile maker Nokia has recently submitted its annual SEC financial report for previous year 2011, detailing every aspect of its yearly financials, risks, statements and lot more, providing a complete overview of the company’s growth at the end of last year. Nokia even earlier has revealed its Q4 2011 financial results, posting an operating loss of €954 million for the last three months of 2011. In concern with the sales of Nokia Lumia windows phone, the company topped with 1+ million units sales in its kitty.

Nokia’s smartphone shipments reached 77.3 million units, which is down by 25% as compared to 2010, whilst feature-phone shipments totalled 339.8 million units, a decline of 3% year-over-year. As a result of its falling mobile sales, the average selling price (ASP) of Nokia’s mobile devices fell to $75, down 11% from $85 in 2010. The report also revealed that Microsoft paid Nokia $250m in Q4 2011 for adopting Windows Phone.

(Image Source: Nokia logo, Flickr)

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.