Nokia has announced better than expected profits in its quarterly results, but its market share has dwindled by a further four per cent it was revealed today.
The Finnish giant posted a healthy profit of £344m for the first three months of 2011, which is slightly better than had been forecast by financial analysts, suggesting a return to form might be brewing.
The bad news for Nokia is that its global share of the smartphone market is down to 29 per cent, which is still absolutely remarkable when you consider the perceived dominance of Android and Apple.
Apple made headlines yesterday by announced they had sold 18.6m iPhones between January and March last year. In comparison, Nokia sold 108.5m, although at a much lower price point than Apple's smartphone kingpin.
Nokia is banking on its new partnership with Microsoft's Windows Phone 7 operating system, a deal which Nokia has now rubber-stamped, with the first devices set to arrive at the beginning of 2012.
So at the moment the jury is out. Is Nokia starting to halt the slide and is the future back or is that market share going to eventually dwindle to nothing?