From the Blogger's Desk - Nokia Surprise!

Although Apple has been dominating the headlines with its iPhone and recently, the launch of iPad, Nokia Corp the largest mobile phone manufacturer of the world, declared fourth quarter 2009 financial results, with net income up 60% year-over-year.

Nokia attribute the better than expected performance to reasons like increasing market share in the high-end high-margin smartphone market as well as effective cost-cutting measures taken by management. In the fourth quarter, Nokia added four new touch-screen smartphones to its existing three touch-screen models. Nokia is expecting to maintain its current market share for mobile handsets in 2010.

Links:

1) http://www.ubergizmo.com/15/archives/2010/01/nokia_q4_earnings_are_looking_good.html

2) http://www.zacks.com/stock/news/29915/Nokia+Surprises+in+Fourth+Quarter