1/29/2010 1:39:00 PM
Nokia reports 65% profit surge in Q4
Nokia has reported a 65% rise in profits for the fourth quarter ended 31 December.
The manufacturer shipped 127 million phones – an increase of 12% year on year.
It shipped approximately 4.6 million Nseries devices and 6.1 million Eseries devices during theperiod.
Device sales increased globally overall, but there was a decline in sales in Europe, Latin America and North America.
The manufacturer increased handset sales in emerging markets such as China, Middle East, Africa and Asia Pacific.
Nokia estimated that its market share had increased by 2% from 37% to 39%, compared to the same period last year.
Nokia CEO, Olli-Peka Kallasvuo said: ‘We grew our market share in smartphones in the fourth quarter, driven by the successful launch of new touch and QWERTY models.
‘Our performance in smartphones, combined with continuing success in emerging markets, helped us increase sales in our devices and services unit, both quarter-on-quarter and year-on-year.’