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Nokia’s phone-free future looks less bright

23
Jan
2014

Nokia reported its fourth-quarter results on Thursday morning — it’s final earnings report that will include a full quarter of results from its devices and services business. Nokia said its Q4 operating profit totaled $556 million on $4.77 billion in sales. Meanwhile its phone business lost about $270 million and Nokia said that unit sales of its Lumia smartphones declined in the fourth quarter, though the company failed to share shipment numbers. Following the sale of its devices and services division to Microsoft for about $5 billion (the remaining $2.2 billion in the $7.2 billion deal represents a 10-year patent licensing deal), Nokia’s shining star will be its solutions and networks business. In the fourth quarter, however NSN sales plummeted

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