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post #55 of (permalink) Old 2012-07-19, 11:25 AM Thread Starter
stampeder
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Join Date: Jan 2005
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Further Losses, But Shares Jump Because Nokia Not Dead

Quote:
The woes at the Finnish mobile phone company Nokia continue to mount, with further losses in its main division in the second quarter of 2012, and a €220m (£170m) write-off on unsold stock of its smartphones.

But the ailing group's shares jumped by 10% to €1.50 as financial analysts said the losses were less grim than expected, and the firm had done better in the low-end "feature phone" market.
http://www.guardian.co.uk/technology...ff-smartphones

Nokia's sales in the U.S. smartphone market dropped from 4 million (mostly Symbian) in the previous year to ~600,000 (Lumia WP) this latest year.



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