Nokia posts somewhat disappointing Q4 2022 results, avoids revealing Lumia sales

Nokia Lumia 1020

While both the media and consumers expect patiently for Microsoft to inevitably absorb Nokia's devices and services sectionalisation, the Finnish visitor today published its Q4 2022 fiscal report. This latest report paints a rather dour image of its Lumia family unit of Windows Phones. Simply put, Nokia (and Microsoft equally both the operating arrangement programmer and financial partner) had a bad period to close off 2022. That said, it's not all negative and the Nokia we should run into after the Microsoft deal will be a profitable company.

Unfortunately, the report doesn't share the exact number of Windows Phone units sold worldwide, joining Lumia hardware with other mobile devices sold with the Nokia make (hello, Asha). Nokia does – still – note that smart device sales were upward from the same quarter dorsum in 2022, but suffered a autumn compared to Q3 2022. Looking back at last year's Q4 report, Nokia shipped 4.4 million Lumia Windows Phones, while eight.eight one thousand thousand were shipped in the previous quarter of 2022. Y'all tin can effort to draw your own estimate from those two values.

How ever many Windows Phones Nokia managed to sell final quarter (we're dorsum to Q4 2013), the visitor managed to more than double its results from 2022 – a positive outlook on progress fabricated with Microsoft and its mobile platform, but this fails to mask the slight dip Nokia has experienced over the important holiday menstruation. Fancy some figures? 2022 saw Nokia sell 13.3 million mobile devices running Windows Phone, while annual sales for 2022 would exist at least 27.8 million. It'southward an comeback, but the sectionalisation still sits as a loss and burden on Nokia as a whole.

The combined total of both feature phones and smartphones sold in 2022 plummeted, resulting in a 29 percent drop in acquirement to 2.63 billion euros ($three.57 billion) compared to the previous year. It would be difficult to betoken the finger at simply what may be the root crusade of this turn of events rounding off 2022 since nosotros're looking at both feature and smartphones. Nokia announced the Lumia 1520 and Lumia 1320, the beginning two phablet devices running the Windows Telephone OS. Non simply that, but we also saw Nokia'due south kickoff Windows tablet, the Lumia 2520 striking stores.

What we can accept from this report is that Microsoft has some style to go to but maintain the growth Nokia brought to the mobile platform – 2014 will exist an interesting twelvemonth for Windows Telephone.

Nokia

Here, at that place, everywhere

Honestly, it's not all doom and gloom. Likewise as the "discontinued operations", how Nokia now chooses to refer to its hardware segmentation, the company has other properties up and running. These include Here, NSN (Nokia Solutions & Networks), as well every bit healthy portfolio management and Advanced Technologies (innovation and evolution). We're certainly going to see a different Nokia postal service-Microsoft conquering, but if contempo reports are anything to become past, Nokia should remain assisting with operations and licensing.

Today, the company as well confirmed that an extension to a patent license has been signed with Samsung for a further five years.

NSN and HERE are both providing a solid turnaround for Nokia, leaving its handsets side of the concern as the rotten apple tree. NSN itself achieved underlying operating profitability with a Q4 2022 not-IFRS operating margin of xi.2 per centum, compared to 8.4 per centum in Q3 of the same year. Nokia'due south HERE platform and services is where the growth is at, however. External net sales grew to 225 million euros ($306 meg), an increase of 10 percent year-on-twelvemonth and 28 per centum sequentially.

Looking forward, not only is Nokia working with Microsoft to farther integrate its Hither services and snatch up of import licensing fees, but the Finnish company has also partnered up with numerous automobile companies and manufacturers. Nosotros've covered the progress made with the likes of Continental and are excited to come across just how Nokia tin work with said companies to further advance the overall driving experience. While the sales of Nokia Lumia hardware certainly isn't going to turn heads, it would be wise to keep an middle on HERE, NSN and other Nokia ventures.

Check out the full report over on the Nokia website.

Update: Nokia has gone on record to ostend that eight.2 meg Lumia Windows Phones were sold in Q4 2022, down from 8.8 meg in Q3.

Source: Nokia

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