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)
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