Nokia Claws Back Some Smartphone Share As Profits Rise

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Credit: Nokia

Some much-needed good news from Nokia, which reported gains in mobile market share and a 65 percent increase in profits for Q4.

Net profits were

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jection

Pretty good news for Nokia today as it announces its Q4 results. Net income jumped 65% to €948 million (on €12 billion in sales) or 26 eurocents per share, from €576 million euros, or 15 eurocents a share, earned in Q4 2008. That handily beat the consensus forecast of 19 eurocents per share. Importantly, Nokia grew its smartphone (or “converged devices” in Nokia parlance) marketshare to a healthy 40%, up from 35% just last quarter. Looking forward, Nokia cautioned that it expects its adjusted operating margin in Devices & Services in Q1 2010 will be at the low end of its 12% to 14% target. At the time of this posting, Nokia stock has jumped about 9% in recognition of these good times.location villa bali

Sander van der Wal

Err, the Nokia booklet runs Win7, not Maemo. The N900 is running Maemo

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