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Nokia makes loss after poor sales

Guest tsutton

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Nokia makes loss after poor sales

As more and more "Smartphones" comes to the market, it seems that Nokia is suffering from competition and has made some loss due to poor sales.

I'm pretty sure Nokia is not the only company that are sufering tho...

Nokia has reported a loss for the July to September quarter after sales sank by almost a fifth.

The company made a net loss of 913m euros ($1.4bn; £838m) for the period, compared with a profit of 1.1bn euros for the same quarter last year.

This included a write-off of 908m euros reflecting the fall in value of its Nokia Siemens Networks division.

Nokia has suffered as mobile phone makers like Apple have developed more popular smartphones, analysts say.

Is competition on mobile phones healthy for the market?

Would you pick other brands over Nokia?

[Via: BBC News Technology]
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