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The news is not completely a surprise considering the company teased about it a couple weeks ago, but Nokia at long last had a profitable quarter by the end of 2012, despite a $3 billion loss for the year.
Engadget is reporting that Nokia finally has something to cheer about, with a $585.7 million profit (PDF link) in the last three months of 2012. Including the rocky quarters that preceded it, Nokia still wound up with a loss of $3 billion for the entire year, but the onetime cell phone giant seems to finally be on the right track with Windows Phone.
“We are very encouraged that our team’s execution against our business strategy has started to translate into financial results," Nokia CEO Stephen Elop commented. "Most notably we are pleased that Nokia Group reached underlying operating profitability in the fourth quarter and for the full year 2012.
"While the first half of 2012 was difficult for Nokia Group, in Q4 2012 we strengthened our financial position, improved our underlying operating margin in Devices & Services, introduced the HERE brand to expand our mapping and location experiences, and drove record profitability in Nokia Siemens Networks," Elop added.
Nokia reconfirmed that 4.4 million Windows Phone-powered Lumia smartphones were sold during Q4, although Americans are still not convinced: Lumia sales only increased from 300,000 to 700,000, which pales in comparison to the iPhone and Android.
Speaking of Symbian, Nokia confirmed that its 808 PureView smartphone is indeed the last of its kind from the company, despite 2.2 million total Symbian handsets helping to contributing to the company's bottom line.
Follow this article’s author, J.R. Bookwalter on Twitter