January 30 news, according to technology website BGR reports, Nokia recently announced the fourth quarter of 2011 financial reports, financial reports show that Nokia net loss of 1.4 billion US dollars, revenue fell 21% to 13.1 billion US dollars.

Nokia’s fourth-quarter net loss was 1.06 billion euros (about 1.4 billion US dollars), and revenue was 10 billion euros (about 13.1 billion US dollars), a decrease of 21% year-on-year. Nokia shipped 113.5 million feature phones, a year-on-year drop of 8%. Smartphones shipped 19.6 million units, a year-on-year decrease of 31%, but that figure was higher than analysts' expectations of 18.5 million. Nokia claims that its Lumia series of Windows Phone smartphones has shipped more than 1 million units.

In addition, Nokia nominated Risto Siilasmaa, a famous Finnish entrepreneur, to replace Jorma Ollila as the company's next chairman.