Report: Mobile Phone Sales Up; Nokia Gains Market Share
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Mobile phone sales were up 26 percent in the third quarter, with Nokia (NYSE: NOK) solidifying its position as the leading manufacturer, while Samsung leapfrogged past Motorola (NYSE: MOT) for second in the global rankings.
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Nokia, the world's largest mobile phone maker, said its results for third quarter would be better than earlier forecast due to higher-than-expected handset sales.
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Robust demand for cheaper phones boosted third-quarter earnings at Nokia Oyj, the world's biggest maker of mobile phones, with the better than expected result sending its shares sharply higher.
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Stock futures rose on Monday, pointing  to a higher market open, with technology stocks looking  stronger after Nokia's NOK1V.HE chief executive voiced  confidence in the mobile phone market.
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Market share of the world's top cell  phone maker Nokia Oyj  is rising, industry analysts  said, after its closest rival Motorola Inc  warned  investors of a second-quarter loss and lower 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's leading mobile phone maker, announced soaring fourth quarter and full-year 2007 earnings Thursday boosted by strong handset 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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Nokia, the world's biggest mobile phone maker, reports surging profits as it takes market share from rivals.
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Nokia (NOK1V.HE), the world's largest  cell phone maker, expects replacement sales of cell phones to  continue gaining share of the total market in 2007, it said in  its filing with U.S. officials on Monday.
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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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Market share of the world's top mobile phone maker Nokia Oyj  is rising, industry analysts said, after its closest rival Motorola Inc  warned investors of a second-quarter loss and lower sales.
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Nokia Corp. announced deals worth more than 2 billion euros ($2.5 billion) with Chinese customers on Tuesday, sending the company's shares up 3 percent.
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GLOBAL handset sales rose to record levels in the second quarter, putting the industry on track to ship 650 million cell phones in 2004 as market leader Nokia halted its decline, a survey said.
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An increase in sales of high-end handsets and general growth in the cell-phone market helped give Sony Ericsson a better-than-expected third quarter.
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Global handset sales rose to record levels in the second quarter, putting the industry on track to ship 650 million cell phones in 2004 as market leader Nokia halted its decline, a survey said on Thursday.
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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.