Nokia back on top

28 Jan 2005

Finnish mobile phone maker Nokia has reclaimed its number one position in the mobile handset market, with a 34% share, after reporting profits ahead of its own forecasts for the fourth quarter. The company’s sales stood at EUR9.06 billion for the quarter, above its forecast of between EUR8.4 billion and EUR8.6 billion, while net profit stood at EUR1.02 billion, down from EUR1.17 billion a year earlier, but ahead of expectations, and pre-tax profit decreased to EUR1.46 billion from EUR1.73 billion. For Q105 Nokia expects sales to be in the range of EUR7 billion – EUR7.3 billion, up from EUR6.6 billion in Q104. Nokia sold 66.1 million mobile handsets in the quarter, up 19.5% from 55.3 million in the same period of 2003. It attributed the promising results to new ‘clamshell’ and camera phones.