Thursday 18 October 2012

Nokia earnings pain masks intact war chest, brewing counterattack

And don't forget the dumbphone sector either


Nokia reported another painful quarter today and warned of more to come. The Finnish phone giant reported sales were down 19 per cent year-on-year to €7.2bn for Q3, with an operating loss of €576m. On the positive side the war chest of net cash is unperturbed at €3.6bn, and Nokia's networks division and feature phones did well.…




via The Register - Networks

http://go.theregister.com/feed/www.theregister.co.uk/2012/10/18/nokia_earnings_q3_2012/

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