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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Nokia said that it had extended its dominant share of the global mobile phone market to a record 40 percent in the fourth quarter as profit surged 44 percent on rising sales.
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Nokia, the world's biggest mobile phone manufacturer, has posted stronger-than-expected earnings with a 43-percent jump in net profits and 22-percent rise in sales, but saw its market share dip slightly.
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Motorola Inc. MOT.N, the world's No.  2 maker of cell phones, on Tuesday said its quarterly profit  rose sharply, helped by improving sales of a host of new  handset models.
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Nokia said on Thursday that its third-quarter profit was higher than many analysts had forecast, but still a fifth lower than a year ago.
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Nokia , the world's largest  mobile phone maker, unveiled three new mobile handsets on  Monday intended to boost its offering of mid-range phones and  help lift its global market share.
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Nokia saw sales soar in China last year as the world's largest maker of mobile phones started tapping the nation's huge rural market, according to state media.
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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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Business did not turn out in rosy hues for Nokia Corp in the third quarter as the telecom giant reported a 20-percent drop in operating profit and a small 1-percent increase in net sales.
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Nokia (NOK1V.HE), the world&#39;s largest  mobile phone maker, unveiled three new mobile handsets on  Monday intended to boost its offering of mid-range phones and  lift its global market share further from 36 percent.
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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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European shares pared losses after Finland&#39;s Nokia raised its third-quarter guidance due to strong demand for mobile phones. Nokia shares rose 8.7 percent to 11.
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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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PARIS Global cellphone sales rose to record levels in the second quarter as Nokia clawed back some of its lost market share, according to figures released Thursday.
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Nokia Oyj, the world&#39;s biggest mobile- phone maker, said price reductions have helped it regain some of the handset market share it lost earlier this year.
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Nokia raised its outlook for third-quarter sales and earnings, apparently benefiting from an unusual decision to cut its handset prices.
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Nokia, the world's biggest mobile phone maker, reports surging profits as it takes market share from rivals.