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

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.

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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