Nokia's third-quarter sales and profits fell from a year ago, but the world's top handset maker soothed growing fears about the fourth quarter. Cellphone makers have started to feel the pinch from slowing economies, but so far booming demand from emerging markets has outweighed weakness in developed markets. Having reported volume sales growth in excess of 20 per cent for several quarters, this time Nokia only managed an increase of five per cent to 117.8 million phones as sales fell in Europe -- by more than five per cent -- and in North America.
Source : http://www.canada.com/
