Nokia: sales are up but profits are dropping

TechRadar: Nokia has revealed its financial results for the last quarter of 2010, and it's not looking too rosy for the Finnish phone manufacturer.

Although sales increased in 2010 compared to 2009, the company's operating profits fell by 9 per cent for the entirety of the year, with a 22 per cent drop in Q4 profits compared to 2009.

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