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By Andrew P. Napolitano
Fourth Amendment says Obama is not at liberty to collect metadata
Independent voices from the The Washington Times Communities
Topic - Hannu Rauhala
Nokia Corp. said Thursday that its third-quarter net loss widened to (EURO)969 million ($1.27 billion) as revenue plunged 19 percent compared with the same time last year and sales of its flagship Windows Phone fell to under 3 million units. Investors, however, had been expecting an even bigger drop in sales, and sent shares in the company higher.
Nokia Corp. reported Thursday that its third quarter net loss widened further to (EURO)969 million ($1.27 billion) with a 19 percent plunge in revenue, as it struggles against the dominance of Samsung and the iPhone in the tough smartphone market.
Nokia has halved the price of the Lumia 900 in the United States in an effort to boost sales of its flagship Windows smartphone, the cellphone manufacturer announced on Monday.
"The worst fears are over ... and Nokia's network operations were clearly better than expected," he said.
"The worst fears are over. Nokia's network operations were clearly better than expected, and its outlook for the rest of the year was better than expected," Rauhala said. "The cash flow situation was not as badly negative as expected."