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Nokia Posts Another Big Loss

Kevin J. O’Brien, reporting for the NYT:

Nokia on Thursday posted a loss of €969 million in the third quarter, citing sharply declining sales of its smartphones as customers await the introduction of a generation of handsets running a newer version of the Windows operating system.

This tweet from Stefan Constantine encapsulates the deep hole Nokia is in:

Verizon sold more iPhones to Americans than Nokia sold Windows Phones to the world.

Thursday, 18 October 2012