Thursday, April 21, 2011

Nokia's market share falls below 30 percent

Nokia Corp. reported better than expected first-quarter profits Thursday
but its global market share dropped to below 30 per cent for the first
time in over a decade as the world's top cellphone maker continued to
lose ground to rivals.The Finnish company's net profit in
January through March fell euro5 million to euro344 million ($499
million) from a year earlier. Revenue grew 9 per cent