Nokia shares its quarter 4 results

Great news for Nokia today as they announce their quarter four results. Pretty impressive stuff.

Their net income has increased by a massive 65% to 948 million Euros, on 12 billion Euros in sales or 26 eurocents per share. The forecast of 19 eurocents per share was beaten.

They have also successfully grown its smartphone market share to a nice and healthy 40% , which is up from 35% last quarter.

Looking straight ahead Nokia are cautious and they expect that their adjusted margin in Device and Services in the first quarter of 2010 will be at a low end of its 12% to 14% target. Shortly after this news was reported Nokia stock leapt about 9%. Keep it up Nokia. Source – engadget.com

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