Nokia’s North American sales soar by 444%, but emerging markets take a big hit

Nokia’s North American sales soar by 444%, but emerging markets take a big hit: Apple (AAPL) wasn't the only handset vendor to disappoint this week; Nokia's (NOK) share price dipped by -5% in Helsinki after the company released its fourth-quarter results. Nokia had already told investors about key metrics, but there were still some surprises in store. One of the biggest was the scale of the Chinese sales erosion. Chinese revenues were down a whopping -79% year-on-year and a steep -23% sequentially. Nokia's simultaneous +444% U.S. revenue rebound means that the Finnish giant is now making nearly the same amount of revenue in China as in North America: 213 million euros vs. 196 million euros. The Chinese Lumia debuts in the first quarter this year should change this situation soon. More →