LONDON (MarketWatch) -- Nokia Corp.'s fourth-quarter results on Thursday could show the world's largest maker of mobile phones returning to volume growth while new models may help it recover some of its pricing power.
The consensus forecast is for Nokia /quotes/comstock/13*!nok/quotes/nls/nok (NOK 12.68, +0.07, +0.56%) /quotes/comstock/22u!noki-sek (FI:NOK1V 9.06, +0.09, +1.00%) to report for earnings of 19 eurocents a share and shipments of 121 million units. In the fourth quarter of 2008 the company earned 26 cents a share and shipped 113 million phones.
New products such as the N97 Mini, the E72 and the 5230 may have pushed the average selling price up slightly from 62 euros in the third quarter, Swedbank analysts noted. Still, other star models such as the N900 and the X6 arrived too late in the quarter to have a tangible impact.
The fourth-quarter results should signal the start of a recovery for the mobile-phone industry after a difficult 2009 when demand for mobile phones collapsed amid rising unemployment and greater economic uncertainty.
"We expect the fourth quarter to mark the first return to year-on-year growth in shipments since the downturn began in the third quarter of 2008," said Geoff Blaber, analyst at U.K.-based telecoms consultancy CCS Insight.
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