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Nokia kept its profit and market stake in the first quarter

Nokia remained almost unchanged profit for the first quarter of this year compared to the same period last year, although still lagging behind in the highly competitive market for smartphones. The largest mobile phone manufacturer in the world reported 1.4 percent drop in profit to 344 million for the three months to the end of March. A year ago, was a positive result of 349 ​​million EUR. The Nokia's profit was more than 177 million predicted by analysts. The sales of the Finnish company rose by 9.2 percent annually for the period to 10.4 billion. In recent months, based on Symbian OS mobile phones of Nokia lost market positions of the Apple iPhone and smartphones with mobile system to Google - Android. Earlier this year, Nokia decided to rely on the operating system of Microsoft, which is designed for mobile - Windows Phone 7 as the basic software for their smartphones. The CEO of Nokia Elap Stephen, a former manager at Microsoft, agreed to a partnership with software company in February. The shares of the Finnish company, however, fell 27 percent from 11 February, when it was announced the agreement with Microsoft. In today's session, their price fell by 0.7 percent to 5.90 euros on the Helsinki Stock Exchange, valuing the company of 22.2 billion.
The Nokia's market stake of the smartphone market remains 30.8 percent in the last quarter of 2010, according to research firm Gartner. This is, however, by 20 percentage points less than in 2007 when Apple launched its iPhone. According to Gartner, Symbian's market share will fall to 19.2 percent this year and mobile phone operating system Android will lead with a share of 38.5 per cent.