Nokia market share falls further

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21 April 2011 Last updated at 06:35 ET

Mobile phone maker Nokia has reported better-than-expected quarterly profits, but its market share has dropped.

Its market share fell from 33% to 29% as cheaper rivals and the popularity of expensive smartphones ate into Nokia’s dominance.

Nokia said it had reached a final deal to use Microsoft software instead of its own Symbian platform, a move that should boost its smartphone profile.

Investors welcomed the news, sending Nokia shares up almost 3%.

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Nokia market share falls further