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&#39;s net profit jumped in the third quarter as the company made up for the falling average selling price of its phones by shipping more of them, the company said Thursday.For the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, to &#8364;1.6 billion ($2.3 billion). Net sales rose 28 percent to &#8364;12.9 billion. Earnings per share rose 90 percent to &#8364;0.40.The company shipped 112 million units, 26 percent more than in the same period a year before. Nokia estimates it holds a 39 percent share of the mobile market.The ASP (average selling price) of mobile phones, however, has fallen from &#8364;90 to &#8364;82, Nokia said. The company said it expects the ASP to continue to decline but volume demand to increase through the end of this year and next.The most dramatic change came from Nokia&#39;s Enterprise Solutions business unit, which includes security appliances and software as well its E Series phones, which are aimed at business users. Operating profit for the unit was &#8364;88 million compared to a &#8364;65 million loss in the third quarter of 2006. Nokia attributed the rise to strong sales of its E65 model.Nokia Siemens Networks reported a 120 percent operating profit decline, which Nokia said was due to restructuring costs and other one-time items. The division, launched in April, is a combination of Nokia Networks and Siemens&#39; carrier-related operations for fixed and mobile networks. Nokia said it has identified &#8364;500 million in savings in combining the two entities that will be realized at the end of 2008.However, sales for Nokia Siemens Networks increased 7 percent over the second quarter of this year, which was the first quarter Nokia reported results for the division.
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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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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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Market share of the world&#39;s top mobile  phone maker Nokia Oyj (NOK1V.HE) 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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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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Mobile phone maker Nokia reports a smaller-than-expected drop in earnings following strong demand over Christmas.
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The mobile phone giant says its next results will now be better than expected, thanks to a boost in handset sales.
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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 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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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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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, the world's largest mobile phone maker, reported lower third-quarter earnings on Thursday after cutting handset prices to win back market share but said sales volumes were strong as it moves into the key year-end shopping season.
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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  lift its global market share further from 36 percent.
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German phone giant Deutsche Telekom AG said Thursday its third-quarter net profit jumped to 1.39 billion euros (&#36;1.73 billion) amid growth at its wireless and Internet businesses, and raised its full-year forecast.
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AT&T Inc  on Thursday posted a higher quarterly profit after better-than-expected wireless growth, sending its shares up almost 3 percent in pre-market trading.
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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.