Nokia to focus on profit, cash: CFO to Bloomberg TV

FRANKFURT (Reuters) - Nokia will continue to concentrate on profits and cash flow rather than trying to drive market share higher for its own sake, the company's chief financial officer told Bloomberg Television on Thursday.

"We don't manage for volume or market share for the sake of market share. We manage for market share that's sustainably profitable," Rick Simonson said.

"We'll continue to make sure that we focus for maximizing the total profits, the total cash flow."

The world's biggest cellphone maker earlier reported third-quarter earnings per share of 0.29 euros, down from 0.40 euros a year ago and missing the average forecast of 0.31 euros in a Reuters poll of 37 analysts.

(Reporting by Georgina Prodhan)