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Nokia: Profit Down While Aiming at Apple
Kevin Maney writes: No one can accuse Nokia of being timid. The world's biggest cell phone maker got beaten up in the third quarter, seeing profit fall 30%. But the company says it took a short term punch for long term gain. While competitors were dropping prices to steal market share, Nokia refused to play that game -- instead keeping prices firm but competing on quality and capabilities of its phones. That decision knocked about a percentage point off Nokia's global cell phone market share -- which seems to worry analysts more than Nokia.






