Nokia Show High Progress in Q4

The big just got bigger, its about the Q4 profit of Nokia, their net income jumped 65% to €948 million (on €12 billion in sales) .  Importantly, Nokia grew its smartphone marketshare to a healthy 40%, up from 35% just last quarter. Looking forward, Nokia cautioned that it expects its adjusted operating margin in Devices & Services in Q1 2010 will be at the low end of its 12% to 14% target. At the time of this posting, Nokia stock has jumped about 9% in recognition of these good times. Just a heads up from the Engadget guys.

Great going for Nokia. Also with the release of Free lifetime navigation Nokia is set to go place’s.