buy cell phones cheap-Nokia filing today its annual report on Form 20-F for 2012

March 7, 2013 - PRLog -- Published March 7, 2013 | By Mylan Cellular

buy cell phones cheap-Nokia filing today its annual report on Form 20-F for 2012; reiterating its longer-term financial targets and providing additional information on its agreement with Microsoft

Nokia Corporation
Stock Exchange Release


Nokia announced that it is today filing its annual report on Form 20-F for 2012 with the US Securities and Exchange Commission. In the report, Nokia reiterates longer-term financial targets, and provides additional information in relation to its agreement with Microsoft.

Longer-term financial targets

In this annual report, Nokia reiterated its longer-term financial targets for its Devices & Services business and Nokia Siemens Networks.

Longer-term, Nokia continues to target:

- Devices & Services net sales to grow faster than the market.

- Devices & Services non-IFRS operating margin to be 10% or more.

Longer-term, Nokia Siemens Networks continues to target for its non-IFRS operating margin to be between 5% and 10%.

Additional disclosure on Microsoft agreement

This annual report also includes additional information in relation to Nokia's agreement with Microsoft, including mainly the following:

- The remaining minimum software royalty commitment payments from Nokia to Microsoft are expected to exceed the remaining platform support payments from Microsoft to Nokia by a total of approximately EUR 0.5 billion over the remaining life of the agreement.

- However, in 2013 the amount of the platform support payments from Microsoft to Nokia is still expected to slightly exceed the total amount of the minimum software royalty commitment payments from Nokia to Microsoft.

This release includes information on a non-IFRS, or underlying business performance, basis. Non-IFRS information excludes special items for all periods. In addition, non-IFRS results exclude intangible asset amortization, other purchase price accounting related items and inventory value adjustments arising from the formation of Nokia Siemens Networks and from all business acquisitions. Nokia believes that non-IFRS financial measures provide meaningful supplemental information to both management and investors regarding Nokia's performance by excluding the above-described items that may not be indicative of Nokia's business operating results. Non-IFRS financial measures should not be viewed in isolation or as substitutes to the equivalent IFRS measure(s), but should be used in conjunction with the most directly comparable IFRS measure(s) in the reported results.

FORWARD-LOOKING STATEMENTS

It should be noted that Nokia and its business are exposed to various risks and uncertainties and certain statements herein that are not historical facts are forward-looking statements, including, without limitation, those regarding: A) the expected plans and benefits of our partnership with Microsoft to bring together complementary assets and expertise to form a global mobile ecosystem for smartphones; B) the timing and expected benefits of our strategies, including expected operational and financial benefits and targets as well as changes in leadership and operational structure; C) the timing of the deliveries of our products and services; D) our ability to innovate, develop, execute and commercialize new technologies, products and services; E) expectations regarding market developments and structural changes; F) expectations and targets regarding our industry volumes, market share, prices, net sales and margins of our products and services; G) expectations and targets regarding our operational priorities and results of operations; H) expectations and targets regarding collaboration and partnering arrangements; I) the outcome of pending and threatened litigation, regulatory proceedings or investigations by authorities; J) expectations regarding the successful completion of  restructurings, investments, acquisitions and divestments on a timely basis and our ability to achieve the financial and operational targets set in connection with any such restructurings, investments, acquisitions and divestments; and K) statements preceded by "believe," "expect," "anticipate," "foresee," "target," "estimate," "designed," "aim", "plans," "intends," "will" or similar expressions. These statements are based on management's best assumptions and beliefs in light of the information currently available to it. Because they involve risks and uncertainties, actual results may differ materially from the results that we currently expect. Factors, including risks and uncertainties that could cause these differences include, but are not limited to: For more info visit through http://www.nokia.com/financials


About Nokia / Mylan Cellular

NOKIA is a global leader in mobile communications whose products have become an integral part of the lives of people around the world. Every day, more than 1.3 billion people use their Nokia to capture and share experiences, access information, find their way or simply to speak to one another. Nokia's technological and design innovations have made its brand one of the most recognized in the world. For more information, visit http://www.nokia.com/about-nokia.

Mylan Cellular We are based in Burleson, Texas, and sell discount cell phones and Used cell phones and unlocked cell phones and refurbished cell phones Cheap as well as new and used tablets, online, across the state, and nationwide.
For more information, visit http://www.mylancellular.com,  

Mylan Cellular

Nokia

Discount cell phones

Tel. 866-447-8355

Email: info@mylancellular.com

http://www.mylancellular.com