Nokia is still the number one cell phone manufacturer out there. But the Finish company also took a hit last year. Q4 saw them sell 4% less phones than they did in Q3. That’s 113.1 million handsets compared to 117.8 million phones in Q3. Q4 2007 however has been a much better quarter for Nokia with 133.5 million devices hold. That’s a 15.3% year to year drop. But who’s counting?

In terms of market share, Nokia dropped 1% compared to Q3. Now Nokia has 37% of the global market which is still pretty impressive. So let’s speak about money then. Nokia reported a profit of 492 million Euro in Q4 2008 which is 80% less than the 2.5 billion Euro profit reported in Q4 2007. In spite of all these numbers, Nokia actually sold more phones in 2008 with 468.4 million units compared to the 437.1 million units in 2007.

How will Nokia do this year? Well the company says that the global mobile market will decrease with about 10% given the current economical conditions but we’re just in January now. 2009 is a long year.