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Wireless

Nokia profits, market share decline in Q4

Thursday 27 January 2011 | 12:04 CET | News
Nokia reported fourth-quarter sales up 6 percent year-on-year to EUR 12.7 billion, while net profit fell 23 percent to EUR 0.20 per share. The company's Devices & Services division performed in line with the company's guidance, with revenues up 4 percent to EUR 8.5 billion and an adjusted operating margin of 11.3 percent. Operating profit at the division was still down 16 percent year-on-year to EUR 1.0 billion. The company shipped 123.7 million phones in the quarter, down 3 percent year-on-year and up 12 percent sequentially. Smartphone sales rose 36 percent from a year ago and were up 7

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Categories: Mobile & Wireless
Companies: Nokia
Countries: World
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