Nokia sees smartphone sales, profits plunge in fourth quarter - InfoNews

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Nokia sees smartphone sales, profits plunge in fourth quarter

In this Tuesday, Jan 21, 2014 photo, Nokia's Asha mobile phones on display, in a mobile phone shop, in Helsinki, Finland. Nokia Corp. has reported a fourth-quarter net loss of 25 million euros ($34 million) as the struggling company saw sales smartphone sales plunge 29 percent. Nokia says that the devices and services unit, which it is selling to Microsoft Corp., saw sales fall to 2.6 billion euros in the quarter, down from 3.7 billion a year earlier. It recorded an operating loss of 191 million euros compared with an operating profit of 97 million a year earlier. (AP Photo/Lehtikuva, Antti Aimo-Koivisto) FINLAND OUT
January 23, 2014 - 3:39 AM

HELSINKI - Nokia Corp. has reported a fourth-quarter net loss of 25 million euros ($34 million) as the struggling company saw sales smartphone sales plunge 29 per cent.

Nokia says that the devices and services unit, which it is selling to Microsoft Corp., saw sales fall to 2.6 billion euros in the quarter, down from 3.7 billion a year earlier. It recorded an operating loss of 191 million euros compared with an operating profit of 97 million a year earlier.

Continuing operations, including its networks unit, saw sales slump by more than 20 per cent in the quarter compared with a year earlier.

Nokia's share price was down 4 per cent at 5.50 euros on the Helsinki Stock Exchange in early afternoon trading.

News from © The Associated Press, 2014
The Associated Press

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