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Finnish electronics giant Nokia has announced that it saw a better than expected fourth quarter results, largely thanks to stronger sales of its Lumia model smartphone.
Figures released by the Espoo-based firm on Thursday (10 January) revealed that more than 86 million devices were sold over the period, with the Windows Mobile-based Lumia returning to profitability as a strong performer with 4.4 million units sold.
Likewise, Nokia Siemens Networks saw exceptionally good sales, driving the third straight quarter of underlying profitability.
Nokia shares climbed 3.4 percent to EUR 31.88 on the back of Thursday’s news, pushing the stock to the upper levels of the FTSE Eurofirst 300 leader board.