Nokia Captures 39% of Global Cell Phone Market; Profits Surge

5:20 am on August 3, 2007 | Category: Business, Cell Phones, Corporate

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The world’s leading cell phone maker, Nokia, has announced second-quarter net profits of €2.83 billion ($3.87 billion), easily beating analysts’ estimates, and causing the company’s stock to jump more than 8% on the Helsinki Stock Exchange.

Nokia’s quarterly revenue reached €12.6 billion, 28% higher than in the same period last year, as the Finnish company continued to take market share from its American rival, Motorola Inc.

Nokia’s global market share reached a very impressive 39.1% in the second quarter, almost triple that of its closest competitor, Samsung Electronics, which holds 14.5% of the market. Motorola has slipped into the #3 position with a mere 13.8% share, according to a new study by Strategy Analytics.

“Nokia has turned their increased market share into an earnings machine,” commented Helsinki fund manager, Marko Alaraatikka. “The margins were amazing.”

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    1. I have a Nokia prepaid cell phone but wasn’t available during the time I was supposed to renew the minutes. My cell phone number is:
      602-541-7767.
      May I still buy more minutes for this phone? How many? Cost?
      Thanks.

      Comment by terry ferguson — August 14, 2007 #

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