October 17, 2003
CRN: Nokia's Results: More Phones, Less Profit
Nokia posted third quarter income of $956 million on sales of $8 billion in a mixed report that signaled increased phone sales and lower revenue.
The world's largest phone maker revealed a 23 percent growth in mobile phone shipments to 45.5 million units, but still a drop of 5 percent in sales. The reason for the disparity was that Nokia's phones were selling for an average of 19 percent lower than in the previous year's quarter. (full story)
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