Business Tech

Nokia has lost $ 1 billion in 2011

The year 2011 has been particularly difficult for Nokia. The constructor saves indeed a turnover of 38.6 billion euros for the full year, down 9%, but also a loss of EUR 1.2 billion (against a profit 1.8 billion in 2010).

. Blame the smartphones.

These poor figures are the result of a significant decline in sales of smartphones and other devices. Nokia has seen its sales of smartphones blend of 25% by volume from 103.6 million in 2010 to only 77.3 million in 2011. In value terms, the fall is as high as 31%. Including all the terminals, the decline reached 8% by volume (417 million handsets sold), sales falling by 18% (23.9 billion euros). Logical consequence, the group’s operating margin falls from 12.2% to 3.7%. The introduction in November 2011 Lumia, the first smartphone with Windows Phone, seems to have started some kind of recovery. Nokia also said to have been more than a million units, without giving exact figures. Stephen Elop, CEO of the group remains confident, adding even be “on track to build the long-term value.” We’ll see at the end of the year …

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