Nokia has posted a 25% rise in their profits by selling 115 million mobile handsets. The company is enjoying all this, thanks to the emerging markets, but one more news is that Nokia’s market share has gone down to 39% from 40%. Economic slowdown in the US and the European market has also impacted the value of Nokia in these markets and Nokia is also experiencing a sink in the ASP of mobile phones due to the proliferation of cheaper phones in the global market. By the way iPhone is also experiencing a price cut in the European market and I think this is done to make way for the 3G iPhone, which will be coming soon.
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