Nokia reports better-than-expected quarterly earningsJanuary 26, 2012 - 16:27 AMT PanARMENIAN.Net - Nokia, the world's largest cellphone maker by volume, reported better-than-expected quarterly core earnings, although they still fell 73 percent as its new Windows Phones failed to compensate for diving sales of its old smartphones, according to Reuters. Nokia's fourth-quarter core earnings per share of 0.06 euros compared to market expectation for 0.04 euros. Shares in Nokia rose 7 percent on the news to 4.34 euros. Fourth-quarter smartphone sales fell 31 percent from a year earlier to 19.6 million handsets, roughly in line with forecasts. Nokia unveiled a high-profile strategy shift to Microsoft software on its smartphones last February in a bid to rival to Apple and Google's Android. It said it has sold well over 1 million Windows Phones by end-January. "More than 1 million shipped Windows Phones to date is more than some were expecting, it's not going to worry Apple or Google," said analyst Nick Dillon from research firm Ovum. Nokia proposed a 2011 divided of 0.20 euros per share, slightly more than expected. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | The Power of One Dram to benefit Road of Life charity The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization. Ucom General Director gives lecture at French University in Armenia The General Director of Ucom Ralph Yirikian delivered a lecture at the French University of Armenia. Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty. Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza. |