Nokia Increases Profit and Market Share
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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.
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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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Sony Ericsson Mobile Communications exceeded market expectations on Thursday when it reported that net profit rose 45 percent in the third quarter, but Nokia&#39;s third-quarter report indicated the market leader was still struggling to get back on track.
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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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Stockholm - Nokia, the world&#39;s biggest cellphone maker, took market share in the second quarter by cutting prices and introducing new models, rebounding from its lowest level since 1999, market researcher Gartner said yesterday.
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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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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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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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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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HELSINKI  - Finland's Nokia raised its third-quarter sales and earnings outlook due to strong demand for mobile phones, reversing a recent spate of grim outlooks and sending its shares higher on Thursday.
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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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Robust demand for cheaper phones  boosted third-quarter earnings at Nokia Oyj, the world's  biggest maker of cell phones, with the better than expected  profits sending its shares higher.
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The mobile phone maker said  fourth-quarter net profit rose to $2.6 billion and that it had reached its long-term goal of 40 percent market share in handset sales. The companyâs stock soared.
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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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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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Robust demand for cheaper phones lifted third-quarter earnings and the better than expected results sent the companyâs shares sharply higher.
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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.