You could kindly call 2011 a transitional year for Nokia, as it started to phase out its Symbian platform in favour of Windows Phones. But that also meant a transition from a $2.74bn operating profit in 2010 to a $1.4bn operating loss in 2011. Nokia’s smartphone shipments fell by 25% to 77.3m units, while its non-smartphone shipments dipped 3% to 339.8m – still making it the biggest manufacturer in the industry, it has to be said. Nokia’s financials also reveal that it was paid $250m by Microsoft in the fourth quarter of 2011 – the first instalment in promised payments for its commitment to Windows Phone.

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