Better than expected sales of mobile devices, including Lumia smartphones, resulted in fourth-quarter net sales of €3.9 billion (US$5.14 billion) and the possibility of a small adjusted operating profit (after one-time costs) for the Devices & Services division. Nokia had been expecting the division to report an adjusted operating loss. The company says it shipped 86.3 million devices, including 4.4 million Lumia smartphones.

Better than expected sales of high-margin products and lower costs helped Nokia Siemens Networks (NSN) hit fourth-quarter revenues of €4 billion ($5.27 billion) and achieve an adjusted operating margin (excluding one-time costs) of between 13 percent and 15 percent, compared with the 8 percent (plus or minus 4 percent) that had been forecast.