Nokia Corp. (NYSE: NOK) shares jumped more than 14% Thursday as the world's top mobile phone maker reported record profits and growth in the fourth quarter, selling more handsets than its three closest rivals combined.Strong sales in emerging markets helped boost net profit 44% in the period and saw the Finnish company capture more than 40% of the global handset market — an all-time best and long-term goal.Nokia's revenue grew 34% to $22.9 billion as Nokia sold a record 133.5 million handsets — up 27% from the same period in 2006.Chief Executive Olli-Pekka Kallasvuo described the quarter as "excellent.""Mobile phones are a necessity for a growing number of people worldwide," he told reporters. "In this sense, the market is everywhere."Nokia's strong performance was in stark contrast to that of its rivals.Motorola Inc.'s (NYSE: MOT) shares plunged 23% Wednesday after new CEO Greg Brown said the recovery of its ailing handset division will take longer than expected. Nokia said its biggest growth in the period — of 52% — was in the Middle East and Africa, followed by 43% in the Asia-Pacific region and 38% in China.In all Nokia sold 437 million handsets last year, 26% more than in 2006.I was one of those 437 million , having recently picked up a Nokia N75. I will be providing a review soon but I can tell you that so far, I am VERY HAPPY with the device.