Nokia reported a whopping $1 Billion loss in 4th quarter of 2011. In contrast Nokia had reported $900 Million profit in the same quarter of 2010. Thanks to the rise of Apples and Androids, Nokia saw a sharp decline in sales and profits in a year.
Recently Nokia had joined hands with Microsoft to provide Windows based phones on Nokia hardware. Up until now both Nokia and Microsoft were tight lipped about the terms of the partnership. However, Nokia quarterly earnings revealed that it has received $250 Million "platform support payments" from Microsoft in 4th quarter. This would add up to $1 Billion payments from Microsoft to Nokia in a year.
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