Nokia market share breaks 40 per cent threshold

E90 Communicator was one of Nokia's success makers in 2007.

Nokia's share of the world market for mobile telephones has exceeded 40 per cent, according to company’s financial release Thursday.

Nokia again revealed an excellent result for both the fourth quarter of 2007 and the whole year. With its turnover of EUR 51 billion, it reports a profit of EUR 8 billion.

The mobile phone unit made a profit of more than 22 per cent in Q4/2007 and even the network venture - Nokia-Siemens Networks - broke even in Q4.

Soon after the publication of the results, Nokia's share price rose by 13 per cent. Already before the release of the information, Nokia's stock had gone up by around nine per cent in Helsinki.

Nokia continues to expect industry mobile device volumes in 2008 to grow approximately 10% from the approximately 1.14 billion units Nokia estimates for 2007.

Nokia expects its device market share in the first quarter 2008 to be approximately at the same level sequentially.