Nokia Increases Profit and Market Share
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Nokia said Thursday that it had extended its share of the global cellphone market to 40 percent in the fourth quarter as profit surged 44 percent on rising sales abroad.
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Estonian telecommunications company Elisa, a subsidiary of the Finland's Elisa OY, rang up a 75 percent rise in profit for mobile telephone operations in 2004 to 202 million kroons (12.9 million euros).
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Nokia, the world's top cellphone  maker, reported a 57 percent rise in earnings per share in the  October-to-December quarter, with booming demand in emerging  markets boosting its global market share to 40 percent.
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Growth at Nokia Corp.&#39;s (NYSE: NOK - message board) Networks division continues to keep company net sales afloat, with the Finnish vendor today predicting healthy times ahead for the cellular infrastructure market.
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Nokia&#39;s share of the mobile phone market edged back up above 30 percent in the third quarter, as global mobile phone sales jumped to 164.
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Nokia, the world's top cellphone maker, reported a 57 percent rise in earnings per share in the October-to-December quarter, with booming demand in emerging markets boosting its global market share to 40 percent.
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Vivendi Universal raised its 2004  earnings forecast as it reported a 19 percent increase in  underlying third-quarter profit on Wednesday, driven mainly by  strong mobile phone sales.
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Nokia third quarter profits surged outstripping analyst expectations, boosting the company's share of the global phone market to almost 40 per cent.
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Norwegian telecommunications operator Telenor on posted a rise in profits in the third quarter as its international mobile telephony operations once again boosted earnings.
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Nokia has announced its third quarter results, beating expectations and growing market share, but showing a decline in revenues from mobile phones after a price cuts pushed through in the previous quarter.
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The Finnish group Nokia was the world's leading provider of mobile telephones in the third quarter, capturing 35.1 percent of the market after 32.5 percent in the same period last year, a study by the Gartner institute has revealed.
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Nokia Corp. increased its global market share of mobile phone handsets for a second successive quarter, reaching 30.9 percent with sales of 51.7 million units, market researcher Gartner Inc.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its goal of 40 percent market share in handset sales. The companyâs stock soared.
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Nokia posted better-than-expected results for the third quarter yesterday, possibly marking a turnaround in the cellphone giant&#39;s fortunes after it failed to pick up on the popularity of clamshell phones earlier.
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Nokia made less money per mobile phone in the third quarter, but profits increased because it sold a lot more phones, the company says.
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Mobile phone maker Nokia raised its third-quarter sales and earnings forecasts on Thursday on the back of strong market demand, reversing a recent spate of grim outlooks and sending its share price higher.
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Mobile phone maker Nokia raised its  third-quarter sales and earnings forecasts on Thursday on the  back of strong market demand, reversing a recent spate of grim  outlooks and sending its share price higher.