Nokia Net profit fell by more than two times.

The Finnish company Nokia, the world's largest manufacturer of mobile phones, reported a 60 percent decline in net profit in the 4 th quarter of 2008. This is the agency France Presse.
Total Nokia earned in the last quarter of 2008, 576 million euros. Over the same period in 2007, the company earned 1.84 billion euros. The volume of sales in 2008 fell by 19 percent to 12.7 billion dollars.
The proportion of companies in the world market dropped to 37 percent. Recall that in 2007, Nokia held 40 percent of the world market for mobile phones.
The company also projected reductions in the market of mobile phones in 2009 to 10 per cent compared to the year 2008. The reason is the decline of world financial crisis.