Nokia’s loss soars on slumping smartphone sales

Published July 19, 2012 10:15am ET



HELSINKI (AP) — Nokia’s net loss more than tripled in the second quarter on sagging sales of smartphones, a market in which the company is struggling to regain ground lost to rivals including Apple and Samsung.

Nokia posted a net loss of €1.41 billion ($1.72 billion), compared with a loss of a €368 million in the same period last year. Overall sales were down 19 percent to €7.54 billion, while smartphone sales dropped 34 percent to €1.54 billion.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.