Nokia Takes Gbp 835m Hit On Network Arm As Smartphone Sales Slump
The Scotsman › October 16, 2009
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Summary
NOKIA, the world's largest mobile phone maker, wrote down the value of its struggling networks unit yesterday and revealed a fall in "smart phone" sales, sending its shares down 11 per cent.
The company booked a 908 million (GBP 835m) hit from its Nokia Siemens Networks (NSN) joint venture, citing challenging market conditions and dragging the group to a loss of 559m for the third quarter. Nokia had made a profit of 1.09 billion in the third quarter of 2008.See the full content of this document
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Nokia Takes Gbp 835m Hit On Network Arm As Smartphone Sales Slump
Nokia's net sales between July and September dropped to 9....
See the full content of this document
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