Nokia Reports 20 Percent Drop in Profit
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Nokia lost market share in the United States, its biggest market, but said it made "substantial gains" in Western Europe.
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Nokia, the world's largest mobile-phone maker, has lowered its profitability targets in spite of rising sales, highlighting the growing difference in its performance with that of rival Ericsson.
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LONDON : British mobile telephone giant Vodafone reported a two percent fall in half-year underlying profits as the group added 7.4 million new customers.
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Mobile phone maker Sony Ericsson said fourth-quarter profit fell almost 17 percent as higher costs more than offset the effect of a rise in shipments.
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AT&T Wireless Services Inc. AWE.N  said on Tuesday its third-quarter profit declined as customers  spent less per month, offsetting a rise in net new customers.
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MOBILE phone giant Nokia has reported a drop in third-quarter profits after cutting handset prices to win back market share, but said sales had picked up.
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Motorola Inc. said Thursday its profit plunged 94 percent in the third quarter on sharply lower sales, but the ailing cell-phone maker showed signs of improvement in its cell-phone business and painted a more upbeat outlook for its future.
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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 announced Thursday an 85 percent rise in third quarter net profit to 1.56 billion euros (2.22 billion dollars) as it solidified its position as the leading mobile phone maker with 39 percent of the market.
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Nokia, the world&#39;s biggest cell phone maker, reported lower third-quarter earnings on Thursday after cutting prices to claw back market share, but said sales were strong as it enters the key Christmas season.
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Mobile telephone giant Vodafone reported a two percent fall in half-year underlying profits as the group added 7.4 million new customers.
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Telecom equipment maker Ericsson   reported on Friday lower-than-expected operating  profit of 7.6 billion Swedish crowns ($1.20 billion) in the  fourth quarter and announced major cost cuts.
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Operating profits slipped 5.5 percent at Cingular Wireless LLC despite gains in both subscribers and revenue in what was likely the last full quarter before the company's completes its &#36;41 billion purchase of AT&amp;T Wireless Services Inc.
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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 smart phone maker reported a loss in its fiscal second quarter as revenue declined and expenses rose.
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A defective component in one of Nokia's flagship business phones has limited availability, the company has acknowledged.
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German phone giant Deutsche Telekom sees annual profits fall, following tough competition and lower prices.