For its fourth quarter, Nokia has reported revenues of E12-billion, down 5% year-on-year, but up 22% over the third quarter.

The devices & services divisionr ecroded net sales of E8,2-billion, up 0,5% year on year and up 18% sequentially. Services net sales were E169-million, up 15% sequentially; and billings were E226-million, up 31% sequentially.
The company estimates that the industry as a whole sold 329-million mobile devices, up 8% year on year and up 14% sequentially. Nokia itself sold 126,9-million units, up 12% year on year and up 17% sequentially. It stimates its market share at 39% in the latest quarter, with full-year market share at 38%.
Nokia CEO Olli-Pekka Kallasvuo comments: "We grew our market share in smartphones in the fourth quarter, driven by the successful launch of new touch and QWERTY models. Our performance in smartphones, combined with continuing success in the emerging markets, helped us increase sales in our devices & services unit, both quarter-on-quarter and year-on-year.
"Our solid results also owe a good deal to world class supply chain management and impressive sales execution.
"I was also pleased with Nokia Siemens Networks' performance in Q4, especially considering the ongoing challenging conditions in the infrastructure market. That performance enabled it to turn in a full year profit on an operative basis.
"Our focus remains firmly on execution, especially around user experience. Here I want to highlight our move to shake up the navigation market with free walk and drive navigation on our smartphones, a good example of how we are leveraging our assets to bring real benefits to consumers."