Nokia Profits Soar 65% Despite Sales Dip

Nokia said fourth-quarter earnings rose 65% to 948 million euros ($1.33 billion) despite a 5% drop in net sales to 12 billion euros.
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HELSINKI (

TheStreet

) --

Nokia

(NOK) - Get Report

said fourth-quarter earnings rose 65% to 948 million euros ($1.33 billion) despite a 5% drop in net sales to 12 billion euros.

Nokia, the world's biggest maker of handsets, said its mobile device volume in the quarter rose 12% to 126.9 million units.

Its estimated mobile device market share was 39% in the fourth quarter, up from 37% a year earlier.

-- Reported by Joseph Woelfel in New York.

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