Nokia cleans Ericsson’s clock
 

Up North networking outfits’s Nokia and Ericsson have been battling it out for an ever-shrinking market but it looks like Nokia is the clear winner.

Finland’s Nokia reported falling quarterly sales and profits for its network gear business, but outperformed rival Ericsson in a weak market. The improvement was thanks to cost cuts after its recent acquisition of Alcatel-Lucent.

Nokia said total third-quarter operating profit decreased 18 percent from a year ago to $606 million, but was buoyed by a one-off patent licensing payment.

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