Nokia profited more on Q3 2007

Thanks to the selling of low-cost cellphone in Africa, Middle East, and Asia, Nokia roses up its market share to 39% from 36% last quarter. Nokia makes 1.65 billion euros of profit, compared to 845 million of the same period last year. That will count 85% increasing.

The entry level phone increases the sales in Africa by 45.1 percent, 37% increases in China, and 29.5% in Asia Pacific. It is mostly produced in China and India that costs less than 30 euros. In the the other hand, its American market is declining by 1.7%, maybe due to the release of iPhone.

Analyst predicts by this year the market share of the largest phone manufacturer will reach more than 40%. Seems like the challengers for now go to the RIM’s Blackberry and Apple’s iPhone, especially when Apple plans to release its phenomenal baby to European market.

NYTimes via Engadget