Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

2 of 6
BACK NEXT
Nokia Corp.
Headquarters: Helsinki, Finland
U.S. Ticker: NOK (NYSE)
P/E (2008 est.): 13.4

Finnish mobile device maker Nokia dominates the cell phone industry.

From high-end smartphones to cheap entry-level phones, Nokia has done a good job of generating healthy profits in a notoriously competitive industry.

"They figure out a way to make money in every niche of the handset business," says Jim Kelleher of Argus Research. To that end, Nokia's earnings per share are expected to grow more than 20% by the end of 2008.

The company owns dozens of factories in low-cost locations, which helps keep costs down. That's a big reason why Nokia can operate profitably in all sectors of the cell phone market, even the low-end sub-$100 phones.

NEXT: China National Offshore Oil Corp. (CNOOC)

Last updated June 20 2008: 1:19 PM ET
More Galleries
The stock market's wild week in 6 pictures It was the wildest week in stocks in recent memory. Here's photos and CNNMoney's tweets of reactions to the panicked selling on Monday and Tuesday, which gave way to a mad buying scramble on Wednesday and Thursday. And then...a selloff on Friday again. More
How New Orleans is learning to live with water After Hurricane Katrina, the city of New Orleans had to reinvent the way it manages water and protects itself from future storms. More
Your degree will earn you the most from these colleges Art majors can make big bucks, too. Find out which school has the highest paid grads in your major. More

Special Offer