Nokia: ‘Show Me the Money’

Old catch phrase, we know. But six two months after announcing it was cutting 600 jobs, Nokia says it will focus on developing profit in the coming year. That’s a different attitude than some of the company’s competitors who are putting more emphasis on hitting their sales targets.

Nokia has good reason to be concerned about its rivals. The phone giant admits to losing some market share in the past six months because it didn’t fight hard enough in some pricing battles. The company wants to increase its share in the cell phone market in 2009 by offering some less expensive models.

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