Nokia Q4 2004 statement

Jan 27 2005 - 08:33 PM ET | Nokia

Nokia today released its fourth-quarter 2004 earnings statement. Highlights include:

• Net sales increased 3% to EUR 9 063 million
• Operating profit decreased 19% to EUR 1 357 million
• Nokia mobile device volumes reached a record 66.1 million units, up 19%, resulting in an estimated market share of 34%.
• 1.3 million N-Gage devices sold as of end of 2004

Q4 was a turn around period for Nokia, the first half of 2004 was a hard time for the company. Nokia is expected to debut several clamshell models in 2005 because of increased consumer demand (Nokia has made only very few clamshell models up to this point).