Nokia’s Net Profit Falls 90 Percent

Marguerite Reardon, reporting for CNet:

For the first quarter, which ended March 31, Nokia said that net profits fell to 122 million euros ($161.3 million). A year earlier the company reported net profits of 1.22 billion euros. Analysts had expected the company to report net profits of about 306 million euros.

That silence you hear is the reaction from the “market share is all that matters” pundits.

★ Thursday, 16 April 2009