Nokia Rockets Past Rivals

Soaring sales in emerging markets and growth in high-end phones are bolstering the Finnish company's already daunting leadbut iPhone's on its mind

Nokia extended its already formidable dominance of the global handset business on Jan. 24, announcing it had achieved 40% market share in the fourth quarter of 2007. But perhaps the biggest surprise was that the Finnish company achieved this long-promised and psychologically important milestone while also becoming more profitable.

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