Meanwhile, Nokia recovers from loss to profit in Oct-Dec
Nokia made a net profit of 443 million euros ($502 million) in the fourth quarter and sales grew nearly 10 per cent, but its share price fell on Thursday as the results were offset by a poor performance in some regions, higher costs and a low dividend. Revenue grew to 3.8 billion euros ($4.3 billion) in the period from 3.48 billion euros a year earlier, when it reported a net loss of 26 million euros, said the company. CEO Rajeev Suri noted strong growth in all operations networks, mapping services and technologies and licenses after selling its loss-making devices and services to Microsoft in April. The company's core networks business, accounting for nearly 90 per cent of sales, grew 8 per cent in the period.