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Nokia: Q4 mobile phone sales beat own forecast

Published on NewsOK Modified: January 10, 2013 at 12:45 pm •  Published: January 10, 2013

"We are pleased that Q4 2012 was a solid quarter where we exceeded expectations and delivered underlying profitability," he said. "We focused on our priorities and as a result we sold a total of 14 million Asha smartphones and Lumia smartphones while managing our costs efficiently, and Nokia Siemens Networks delivered yet another very good quarter."

The company said operating expenses in the last quarter of 2012 had been lower than expected and that its devices and services sector saw operating margins of "between break even and positive 2 percent." Elsewhere, its networks joint venture with Germany's Siemens AG — Nokia Siemens Networks — had "record underlying profits and a third consecutive quarter of underlying profitability," with operating margins expected to be 13-15 percent.

However, the company warned that seasonality and competition would have a negative impact on the handset division's first-quarter profitability in comparison to the last three months of 2012. Nokia is due to report fourth-quarter earnings on Jan. 24.