The new Nokia is doing very week it seems. The company is a different animal to what it was even this time last year; it sold its devices and services to Microsoft, stopped making smartphones, and focused on software like the Android Z Launcher and HERE Maps. The results have been very good according to Nokia’s earnings call.
The company raked in $512 million in net income during the last quarter on the back of revenue of $4.3 billion. Profit was up 66% from $309 million in Q4 2013, while revenue climbed from $3.9 billion. Overall profit for the year fell against 2013, but Nokia attributed that to R&D and acquisitions.
The power of the new Nokia could be seen in our fourth quarter results. All of our businesses delivered strong year-on-year net sales growth. Profitability was excellent in Nokia Networks, and we were particularly pleased with our net sales growth in North America and core networks. HERE continued its momentum in the automotive segment, and the early reception to the Nokia N1 tablet has been remarkably favorable, showing the ongoing power of the Nokia brand and the long-term potential of our brand licensing business. Looking ahead, while 2014 was a year of reinvention, we see 2015 as a year of execution."-Rajeev Suri, CEO, Nokia
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