Nokia swings to profit, Q4 net at 255 mn euro

Nokia net profit

The net sales for devices & services declined 34 per cent to 15.68 billion euro for the year from 23.94 billion euro in previous year.

"The decline in devices & services net sales in 2012 resulted from lower volumes in both smart devices and mobile phones as well as a lower Average Selling Price (ASP) in mobile phones, partially offset by a higher ASP in smart devices," Nokia said.

Last year, the company, as part of its restructuring process, had also announced the closure of its facilities in Ulm (Germany) and Burnaby (Canada). It also sold its luxury brand Vertu to a private equity firm, EQT.

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