Nokia the Finnish Multinational Communications Corporation has unveiled its fourth quarter 2011 financial results and the good news is Windows Phone sales, which Nokia claims that over 1 million Lumia devices to date has been sold and yet strong demand for the Lumia 800 and Lumia 710 smartphones were not adequate to turn Nokia’s ailing earnings.

According to the official reports, in the fourth quarter 2011 the Finnish Multinational company has recorded a €954 million ($1.25bn) profit loss, counting the final 2011 count to a €1.073 billion ($1.4bn) loss, down 43-percent year-on-year.

Furthermore, the total sales of devices were decreased by 29-percent year-on-year, with smart smartphone shipments decreased to 19.6m units from 28.6m a year ago. On the other hand, Gross margin on smartphones as well dived from 28.7-percent to 19.9-percent, despite the fact that the Finnish company did at least restrain its smartphone expenses by over €150 million.

Sadly, on the side Symbian devices are facing issues of their own, with the rising markets that have earlier flocked to Nokia’s cheaper handsets currently looking somewhere else.

CEO of Nokia, Stephen Elop stated that the changing market circumstances are putting augmented pressure on Symbian, noting that in certain markets, there has been an acceleration of the projected trend towards lower-price tagged smartphones with specifications that are dissimilar from Symbian’s traditional strengths.

This indicates that Symbian demand will fade faster than Nokia initially expected, and the Nokia isn’t making any 2012 prophecy because of the unsteadiness of the market place. On the other hand, Nokia’s Lumia 900 smartphone is expected to land on AT&T in the US on March 18 at a price tag of $99.99 with new contract details, to face the challenge in the smartphone market.

Nokia Lumia 900 smartphone has been officially unveiled by Nokia at the Consumer Electronics Show in Las Vegas. Lumia 900 features make it as a hot cake on the LTE wireless broadband network landed by the AT&T.

Nokia Lumia 900 is the latest phone in the Lumia line-up mainly targeted for the consumers in the North American market, Initially; it is the first 4G LTE smartphone from Nokia on AT&T. after that, it features the largest display on a Lumia device with its 4.3 inch AMOLED display.  Lumia 900 Running on the Windows Operating System, is armed with a powerful a 1.4 GHz processor and an 1830 mAh battery.

Quite fascinatingly, the latest entrant to the Lumia line-up will sport an extraordinary rear camera with Carl Zeiss lens boosting a larger aperture of F2.2 to provide better pictures even in low-light conditions.

The camera as well offers wide angle focal length of 28 mm for taking enhanced panoramic pictures covering more space. Additionally, Lumia 900 front camera is for video calling as well touts regarding improved aperture and focal length.

On the other hand, the taking of the smartphone among AT&T customers will be proved if Nokia has elegant their capability to make smartphone devices for regional markets. Precursor Lumia -710 is for the T-Mobile network was not received affectionately. The latest entrant appears to mix up finest features of the previous Lumia 800 and other popular Nokia devices.

Nevertheless, it is implicit that the taking of the fresh entrant on AT&T network and in the market will be vital in shaping the future plans of the partnership between Microsoft and Nokia to catch up with the rivalry in the smartphone market.

Sadly, the Company did not revealed any information regarding the exact price tag and release date of Nokia Lumia 900. However, when the smartphone hits the market it will be in Black or Cyan flavors and will be launched by AT&T in the coming months.