Nokia Q4 profits fall on cut mobile phone prices

January 27, 2005 —

Nokia Corp. reported a 13 percent decline in net profit for the fourth quarter as revenue from its mobile phone division continued to decline. The Finnish handset manufacturer did post a modest gain in total sales but expects tough market conditions to continue throughout 2005, slowing overall growth, it said Thursday.

Nokia, the world's largest handset maker, reported fourth-quarter net sales of

IDG News Service