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Latest Pohjola Items
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.