The Bottom Line
Nokia, the No. 1 mobile phone maker, reported a 44 percent rise in quarterly profits, to $2.7 billion.
Nokia, the No. 1 mobile phone maker, reported a 44 percent rise in quarterly profits, to $2.7 billion. The results beat analysts’ expectations. Nokia gained market share and increased its profit margins on a variety of handsets. Its market share in the quarter was higher than its three top competitors—Motorola, Samsung, and Sony Ericsson—combined. “Nokia is certainly benefiting from Motorola’s weakness,” said BHF Bank analyst Matthias Maus in Frankfurt. (Bloomberg)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
MOST POPULAR ON THE WEEK
- Watch out, China — America is working on dogfighting drones
- How liberals are unwittingly paving the way for the legalization of adult incest
- Why the Chinese military is only a paper dragon
- 43 TV shows to watch in 2014
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The troubling persistence of eugenicist thought in modern America
- Why America won't have enough money to battle ISIS
- Libertarianism's terrible, horrible, no good, very bad idea
- Obama's politically lethal credibility problem
Subscribe to the Week