Menu
Three Breast Woman Jasmine Tridevil is a Hoax

Three Breast Woman Jasmine Tridevil is a Hoax

iPhone 6 Plus Has Not the Best Smartphone Screen

iPhone 6 Plus Has Not the Best Smartphone Screen

Amber Heard Topless Photo Leaked

Amber Heard Topless Photo Leaked

Kim Kardashian Leaked Photos Backlash

Kim Kardashian Leaked Photos Backlash

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Stephanie Beaudoin Dubbed Worlds Hottest Criminal

Nokia Q1 hit by 30% drop in Mobile Device Sales

Apr 29 2014, 1:53am CDT | by , in News | Latest Business News

Nokia Q1 hit by 30% drop in Mobile Device Sales
 
 

YouTube Videos Comments

Full Story

Nokia Q1 hit by 30% drop in Mobile Device Sales

HELSINKI (AP) — Nokia Corp. says it continued to be hit by fierce competition in the first-quarter with a 30 percent fall in sales of mobile devices, the troubled unit it sold to Microsoft last week.

Net loss was 239 million euros compared to a loss of 272 million a year earlier while revenue fell to 2.6 billion euros ($3.6 billion) in the period, down from 3.1 billion euros a year earlier, the Finnish company said Tuesday.

Nokia released its quarterly earnings report as it announced new strategies and appointments after it completed the 5.44 billion-euro ($7.5 billion) sale of its devices and services division and a license to a portfolio of patents to Microsoft Corp. last week.

The former mobile leader, which peaked in 2008 with a global market share of 40 percent, has failed to meet the smartphone challenge of Apple's iPhone, Google Inc.'s Android operating system and cheaper competitors in Asia.

It tried to reverse the trend by teaming up with Microsoft in 2011, replacing its old operating system with one based on Windows, but consumers shunned the Lumia devices and its sales continued to fall.

Now, the Finnish company will focus in the remaining operations — networks, mapping services and technology development and licenses.

Nokia also appointed a new CEO to head the company — Indian-born Rajeev Suri, the former head of Nokia Solutions and Networks, who joined Nokia in 1995.

 

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 

<a href="/latest_stories/all/all/30" rel="author">Associated Press</a>
The Associated Press (AP) is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.

 

 

Comments

blog comments powered by Disqus

Latest stories

Lauryn Hill&#039;s Performance in London Booed By Fans
Lauryn Hill's Performance in London Booed By Fans
After a 90 Minute Wait an Angry Audience Takes to Social Media to Complain.
 
 
Kate Upton Makes Shoe Commercials Sexy
Kate Upton Makes Shoe Commercials Sexy
Kate Upton got hacked and very private photos leaked on 4Chan. The show must go on though. Kate Upton stars in a new shoe ad.
 
 
Eva Mendes In Business Despite Baby
Eva Mendes In Business Despite Baby
While Eva Mendes recovers from giving birth to her baby daughter, her Fall fashion gets strutted on the runway.
 
 
Kendrick Lamar Has Released His New Single Entitled “i”
Kendrick Lamar Has Released His New Single Entitled “i”
Kendrick Lamar has released his first single since 2012.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.