Nokia Oz profits slumped last year, according to figures released to ASIC.Nokia Australia sales fell 30% to $128.7 last year, compared to 2012.
Net profit after tax also fell over $2 million to $1.3 million in 2013, according to financials released to ASIC.
However, there could be light at the end of the tunnel for the former phone king.
Nokia smartphones have witnessed a surge, of late, with Windows Phone platform growing in popularity among consumers, despite its late entrance to the market.
Nokia, whose Devices & Services business is now owned by Microsoft, has been the chief reason Windows Phone has increased its market share thanks to its Lumia range, say analysts.
The vendor captured 7% of the mobile market in Australia in the three months to April and is now the third largest mobile vendor and has closer to 10% share in Europe, according to figures by Kantar ComTech.
The first Windows Phone 8.1, the Lumia 630 which was released by Nokia, went on sale here last month for $249.
Nokia has sought to build marketshare at the affordable end of the smartphone spectrum with X devices although Lumia 1040 has got rave reviews at the higher end.
Its first ever tablet, Lumia 2520 costs $840 outright in OZ also went on sale last month, aimed at business user.
