Just a one-liner that Q4 devices exceeds expectations. That is not the same as saying Q4 devices was profitable. No real numbers to price the stock from.
RIMM is also up 3% this morning. There is something funny going on.... I might take the January money today on this run-up. We might cap $4.69 on momentum before scaling back during today's session.
Consider taking the money today, I am!
Actually, Impressive numbers.any investor with an average IQ was expecting good result but these numbers exceed anyone's imagination.you are now seeing a glimpse of what 2013 holds for Nokia and Nokia investors.This should put to sleep all the guessing and wild speculation of whether Nokia has turned around.even though they are expecting weaker 1st quarter,c'mon with china launch and India launch underway,they will blow the competition. We are witnessing a sysmic shift of Nokia share price.
Sentiment: Strong Buy
What is funny about blow out sales. What part is funny. There is nothing funny, alot of us have been saying this for awhile and now they have publicly confirmed it. You cannot raise guidance if the numbers are not there to back it. The only thing funny is your conspiracy theory.
Sentiment: Strong Buy
8:12 am Nokia: Sees Q4 exceeding previous forecast (NOK) : Nokia now estimates that Devices & Services has exceeded expectations and achieved underlying profitability in the fourth quarter 2012. Mobile Phones business unit and Lumia portfolio delivered better than expected results. Operating expenses were lower than expected. Devices & Services non-IFRS operating margin for the fourth quarter 2012 now expected to be between break even and positive 2 percent. Seasonality and competitive environment are expected to have a negative impact on the first quarter 2013 underlying profitability for Devices & Services, compared to the fourth quarter 2012. Nokia also estimates that Nokia Siemens Networks has exceeded expectations for the fourth quarter 2012. Nokia Siemens Networks non-IFRS operating margin for the fourth quarter 2012 now expected to be between 13 and 15 percent. Seasonality is expected to have a negative impact on the first quarter 2013 underlying profitability for Nokia Siemens Networks, compared to the fourth quarter 2012.
Preliminary financial information for the fourth quarter 2012: Nokia currently estimates that Devices & Services net sales in the fourth quarter 2012 were approximately EUR 3.9 billion, with total device volumes of 86.3 million units.
Mobile Phones net sales of approximately EUR 2.5 billion, with total volumes of 79.6 million units of which 9.3 million units were Asha full touch smartphones.
Smart Devices net sales of approximately EUR 1.2 billion, with total volumes of 6.6 million units of which 4.4 million units were Nokia Lumia smartphones.
Total smartphone volumes of 15.9 million units composed of 9.3 million Asha full touch smartphones, 4.4 million Lumia smartphones and 2.2 million Symbian smartphones.
Devices & Services Other net sales of approximately EUR 0.2 billion, including a positive impact from non-recurring IPR income of approximately EUR 50 million.
Nokia currently estimates that Devices & Services non-IFRS operating margin for the fourth quarter 2012 was between break even and positive 2 percent, which compares to the previous outlook of approximately negative 6 percent, plus or minus four percentage points.
Devices & Services non-IFRS operating margin includes a positive impact from non-recurring IPR income of approximately EUR 50 million.
Preliminary outlook for the first quarter 2013: Nokia expects its non-IFRS Devices & Services operating margin in the first quarter 2013 to be approximately negative 2 percent, plus or minus four percentage points. This outlook is based on Nokia's expectations regarding a number of factors, including:
competitive industry dynamics continuing to negatively affect the Smart Devices and Mobile Phones business units;
the first quarter being a seasonally weak quarter; - consumer demand, particularly for our Lumia and Asha smartphones; - continued ramp up for our new Lumia smartphones;
expected cost reductions under Devices & Services' restructuring program; and
the macroeconomic environment. Nokia expects Location & Commerce non-IFRS operating margin in the first quarter 2013 to be negative due to lower recognized revenue from internal sales, which carry higher gross margin, and to a lesser extent by a negative mix shift within external sales.
Nokia and Nokia Siemens Networks expect Nokia Siemens Networks non-IFRS operating margin in the first quarter 2013 to be approximately positive 3 percent, plus or minus four percentage points. Nokia will provide more details when it reports fourth quarter and full year 2012 results on January 24, 2013.