News · 26 Jan 2012 · MTW Editorial Team
The headline above is a quick summary of Nokia’s Q4 2011 earnings reports released today and which is in line with what the markets where expecting: Revenue and profits are down Year on year but up from Q3 (normal given the holiday shopping season). The good news though is that over 1 Million Lumia handsets (800 and 710) have already been sold (to carriers and retailers not end-users) which is rather good for a windows Phone device out only in select regions/countries. How many of them where returned because of hardware defects and bugs is a whole other story though.
The report also notes that Nokia has received a $250 Million payment from Microsoft as part of the Windows Phone parternship this Quarter and that more payments are scheduled in the years to come.
source: Nokia (pdf)
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