Nokia Corp., the world's largest cell phone maker, lost market share in the third quarter as profits dropped 30 percent because of falling sales and lower prices on the handsets that did sell.
Even so, Nokia said Thursday it expects increasing sales for the rest of the year, and it stuck to its 10 percent growth estimate for the whole industry in 2008.
Net profit in July through September plummeted to 1.09 billion euros ($2.7 billion), from 1.56 billion euros a year earlier. Net sales dropped 5 percent to 12.2 billion euros ($16.6 billion), from 12.9 billion euros.
Nokia shares fell after the report but the stock rallied and was almost unchanged …






