Nokia Lifts Profile in a Rising Cellphone Market
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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 continues to ship more cell phones than any other company.
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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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October 15, 2004 4:59 PM GMT (Datamonitor) - Nokia [NOK.HE] has used the formidable financial muscle it has built up as mobile handset market leader to engage in a vicious price war to build its market share.
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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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Nokia is reorganizing to seize growth opportunities for converged multimedia phones.
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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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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 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 Oyj&#39;s share of the global mobile-phone market rose for a second straight quarter as the company reduced prices and introduced new models.
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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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ESPOO, Finland  - Nokia , the world's  largest cellphone maker, sees content for the wireless Internet  as key to snapping up more mobile phone users, including in  emerging markets, the head of its key unit said on Tuesday.
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Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales.
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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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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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Nokia has forecast that smartphone shipments worldwide are expected to increase to 238 million units by 2008, up from 23 million this year, according to Anssi Vanjoki, executive vice president and general manager of multimedia at Nokia.