HELSINKI: Nokia, the world's top cellphone maker by volume, reported a third profit fall in a row and warned of a weak start to 2011 as it continues to lose ground in the smartphone business.

The following are latest comments from a company conference call with Chief Executive Stephen Elop and Chief Financial Office Timo Ihamuotila.

CEO ELOP ON STRATEGY:

"Nokia must compete on ecosystem to ecosystem basis. In addition to great device experiences we must build, catalyse or join a competitive ecosystem. And the ecosystem approach we select must be comprehensive and cover a wide range of utilities and services that customers expect today and anticipate in the future."

Copyright Reuters, 2011

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