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Friday, January 28, 2011

Nokia sees profits fall, new competition in emerging markets

Nokia sees profits fall, new competition in emerging markets

Nokia's fourth quarter of 2010 was dark, with operating profit down 26 percent and China ZTE starting to muscle in on its business in emerging markets.

Finland’s Nokia might still be the biggest mobile phone maker on the planet, but the company has been dealt repeated body blows in the smartphone market first by the Apple iPhone and more recently by the Android ecosystem...

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