Nokia in the Fourth Quarter 2011
Autor: wenzhao • March 28, 2013 • Case Study • 386 Words (2 Pages) • 980 Views
NOKIA IN THE FOURTH QUARTER 2011
(The following discussion is of Nokia's reported results. Comparisons are given to the fourth quarter 2010 results,
unless otherwise indicated.)
Nokia’s net sales decreased 21% to EUR 10 005 million (EUR 12 651 million). Net sales of Smart Devices decreased
38% to EUR 2 747 million (EUR 4 396 million). Net sales of Mobile Phones decreased 23% to EUR 3 040 million (EUR
3 948 million). Net sales of the total Devices & Services business decreased 29% to EUR 5 997 million (EUR 8 499
million). Net sales of Location & Commerce increased 15% to EUR 306 million (EUR 265 million). Net sales of Nokia
Siemens Networks decreased 4% to EUR 3 815 million (EUR 3 961 million).
Nokia’s gross profit decreased to EUR 2 904 million (gross profit of EUR 3 727 million), representing a gross margin
of 29.0% (29.5%). Gross profit of Smart Devices decreased to EUR 546 million (EUR 1 263 million), representing
19.9% of Smart Devices net sales (28.7%). Gross profit of Mobile Phones decreased to EUR 842 million (EUR 1 125
million), representing 27.7% of Mobile Phones net sales (28.5%). Gross profit in the total Devices & Services
business decreased to EUR 1 550 million (gross profit of EUR 2 467 million), representing a gross margin of 25.8%
(29.0%). Gross profit in Location & Commerce was EUR 238 million (gross profit of EUR 219 million), representing a
gross margin of 77.8% (82.6%). Gross profit in Nokia Siemens
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