"Nokia has released their Q4 2009 results, reporting an operating loss of EUR 426 million, with net sales EUR 12 billion (down 5% YoY). Nokia's device and service division's profits were EUR 1.14 billion, up 130% year on year. Margins in devices and services were 14.9% (up 5.5% YoY and 3.5% QoQ). Converged devices sales (smartphone) were 20.8 million, compared with 15.1 million units in Q3 2008 and 16.4 million units in Q3 2009. As such, worldwide converged device ('smartphone') marketshare increased from 35% to 40% sequentially. The results are significantly ahead of market expectations, with Nokia's share price up 10% since yesterday." Read more here: