HELSINKI (AP) — Nokia Corp. reported Thursday that its third quarter net loss widened further to €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.
Net sales dropped to €7.2 billion ($9.45 billion), and Nokia gave a grim outlook for the rest of the year as it prepares for this fall’s launch of Microsoft Corp.’s new phone software, Windows Phone 8.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
