Nokia's earnings rose to €0.32 from €0.25 per share a year earlier with sales of €11.7 billion ($15.22 billion), beating the analysts' average projection of €11.57 billion.

Nokia said the average sales price of its phones fell to €89 in the three-month period covering Christmas, compared with analysts' forecast

Nokia cited strong growth of lower-end products as the main reason for the lower average prices, but in October the company also cut prices of several more expensive models, such as those with high-quality cameras and music players.

Nokia sold 106 million phones in the quarter, up 19 percent on a year earlier, more than 100 million for the first time, giving it a market share of 36 percent, in line with forecasts. Analysts had forecast sales of 103 million units.

By: DocMemory
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