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Nokia's profits weaken.
Byline: Vikas Bajaj
Oct. 15--Nokia Oyj's third-quarter profit fell 20 percent and sales barely grew as pricing pressure continued to weigh down the world's biggest cellphone maker.
The Finish company with its U.S. headquarters in Irving lost market share in the United States as it continued to rely on cheaper, mass-market phones.
Nokia, however, said a slew of trendy devices being introduced now would help it regain some luster.
Nokia earned $817 million (17 cents a share), down from $1 billion (21 cents) for the same period in 2003. Revenue rose to $8.6 billion from $8.5 billion. Analysts were expecting earnings of 15 cents a share, ...
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