We were already aware that Nokia had a fairly stinky 2011, as it made the jump from “burning platform” Symbian to the, er, safety of 1%-market-share Windows Phone.
Now that terribleness has been documented in full in its annual Form 20-F report. I won’t lie to you: I haven’t quite read all 3,254,618 pages.
Essentially Nokia details how everything was a bit pants in 2011 compared to 2010, starting with a €1.4 billion loss in the former compared to €1.3 billion profit in the latter. Oh dear.
Featurephones were down from 349.2 million units in 2010 to 339.8 million last year, however that’s somewhat unsurprising given the world’s shift towards all singing, all dancing smartphones.
Having said that, smartphone volumes were down too. Poor Nokia. You might think 77.3 million units in 2011 doesn’t sound too bad, but when you compare it to 103.6 million the previous year…
Nokia reiterates its commitment to support Symbian till 2016 (dead man walking), but admits that it’s pinning its future almost entirely on Windows Phone as its “primary smartphone platform”.
I dunno. I don’t think I’d be that worried if I were Nokia. Windows Phone Tango handsets are clearly set to sell in ludicrous volumes, I reckon. Or am I being naïve?