Nokia Takes Jarring Profit Fall

Medford, Cassimir
January 2009
Red Herring;1/22/2009, p7
Trade Publication
The article reports on the financial performance of Nokia in the fourth quarter of 2008. Considered as the largest mobile phone maker in the world, net profit for the fourth quarter came in at $745 million. Earnings per share fell to 15 European cents from 47 European cents, against expectations of 27 European cents. Nokia's weaker than expected performance in its handset business was partially offset by better results in other businesses such as Nokia-Siemens Networks, Navteq, and Software and Services.


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