Nokia Q3 profits jump 85% to $2.2B

Nilay Patel
N. Patel|10.18.07

Sponsored Links

Nilay Patel
October 18th, 2007
Nokia Q3 profits jump 85% to $2.2B
While everyone else was distracted by some touchscreen thing, Nokia spent the past quarter absolutely dominating the worldwide market for low-end phones, and the results, announced today, seem like the company might have the right idea: Nokia's profits rose 85 percent to 1.56B euros ($2.2B) on a sales increase of 28 percent to 12.9B euros ($18.2B). Although the increase this quarter was chalked up to increased sales of phones that cost less that $40 in Africa, the Middle East, and Asia, sales did fall in North America -- something Nokia will have to turn around if the company is to achieve its goal of a worldwide 40 percent market share. That's for another day, though -- for now, onnentoivotus!
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Popular on Engadget