Nokia Net Income Drops

It looks like Nokia is feeling the effects of the global credit crunch as well, as its net income dropped 30% to about $1.47 billion, sales dropped 5% and market share fell a teensy bit to 38%. This is a big difference from the previous profits of $2.2 billion 12 months ago. Hopefully the crisis will be behind us soon, and profits will start going up (for everybody).