Nokia, the world's top mobile phone maker, has said its net profit tumbled 78% to €900m in 2009. Sales fell 19.2% to €41 billion.
But its sales and profit figures for the final three months of 2009 were stronger than analysts had expected, lifted by a rising market share in smartphones.
Nokia's underlying Q4 earnings per share fell slightly from a year ago to 25 cent, but still beat analysts' expectations of 15-24 cent.
The results cap a tough year for Nokia and the mobile industry, which has been hammered as consumers cut spending in the recession. Nokia posted its first ever quarterly pre-tax loss in the January-March quarter of 2009.
The Finnish firm has also been hurt by a dated portfolio of smartphones, with Apple's iPhone and Blackberry-maker Research in Motion both eating into its share of this fatter margin business.
But Nokia said its share of the smartphone market rose to 40% in the last quarter from 35% in the third quarter of 2009, helped by the launched of new models.
