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)
