It is both good and bad news for Nokia this year. The Lumia series launched in the last quarter of 2011 has lightened up the earnings of the company however it has not created a significant impact on the company. The profits for the last quarter of 2011 nosedived by about 56% over the figures that were recorded the previous year. The company also received a payment of $250 million from Microsoft as an integral part of the Windows Phone agreement but that did not help much to boost the failing image of Nokia in the global mobile market. The company is still struggling with its sales in the Smartphone market and has fallen back in the race against competitors.
The sales figures of the Lumia Smartphone was over one million however this was not enough for the company to compensate for the flagging sales of its previous Smartphones based on the Symbian platform in the market. The overall sales of the company’s smartphones fell by 31% last year and the year before last taking the sales figures to just under 20 million. When compared to Apple this is unfortunate news for the company as Apple sold more than 37 million units of iphones in the bumper vacation quarter of 2011.