Nokia grows profits and smartphone share in Q4

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http://www.blogcdn.com/www.engadget.com/media/2010/01/nokiagold230.jpgPretty 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.Nokia grows profits and smartphone share in Q4 (http://www.engadget.com/2010/01/28/nokia-grows-profits-and-smartphone-share-in-q4/) originally appeared on Engadget (http://www.engadget.com) on Thu, 28 Jan 2010 07:00:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).


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