Nokia Raises Outlook on Better Phone Sales
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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. The news pushed its shares up nearly 6.5 percent in trading.
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Nokia Corp., the world's No. 1 mobile phone maker, on Thursday said that fourth-quarter net profit surged 44 percent to $2.6 billion and that it had reached its long-term goal of 40 percent market share in handset sales. The company's stock soared.Finland-based Nokia said that net sales in October through December grew 34 percent to 15.7 billion euros ($22.9 billion), and that it sold more than 133 million handsets _ up 27 percent from the same period in 2006.'Nokia's excellent fourth quarter contributed to a year of high growth and increased profitability for the company,' Chief Executive Olli-Pekka Kallasvuo said. Read more
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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.
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By MATTI HUUHTANEN    HELSINKI, Finland  -- Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales. The news pushed its shares up nearly 6.5 percent in trading...
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U.S. stock futures gained ground  Monday morning, 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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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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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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Technology stocks ended higher on Thursday after mobile phone maker Nokia raised its earnings forecast, but blue chips closed fell as oil prices climbed almost $2 a barrel, increasing concerns about future corporate profits.
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The world's biggest mobile handset  maker, Nokia (NOK1V.HE), repeated on Monday it expects the  cellphone market to grow overall by up to 10 percent in 2007.
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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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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 was a leading gainer Wednesday as European stock markets clawed back some of the steep losses from the previous session.
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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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The Finnish mobile phone giant says its next results will now be better than expected, thanks to a boost in handset sales.
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Investors will be looking to see if the world&#39;s top mobile phone maker Nokia can sustain momentum at its recovering handset unit into the key Christmas season when it reports earnings next week.
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Shares in Nokia surged on Thursday after the world's largest handset maker reported a surge in profits and expanding market share.
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Shares of Nokia  are likely to extend gains as the world's leading cell phone maker expands its share of the growing global market, financial newspaper Barron's reported in its September 17 edition.