Latest in Financial

Image credit:

Nokia posts $834 million quarterly loss, smartphone share down to 35%

Share
Tweet
Share

Sponsored Links


Nokia just posted a net loss of 559 million euro (834 million dollars) for the third quarter -- its first quarterly loss in a decade according to the AFP. The loss comes after a reported 20% drop in sales and 1.17 billion euros in write-downs, mostly for impairment charges on Nokia Siemens Networks. Nokia also said that its smartphone market share dropped to 35% versus 41% in the previous quarter. With fierce competition from Apple and RIM, and Palm just launching its Pre into Nokia's European stronghold, well, it's a good thing Nokia's branching out into untapped markets like single-core Atom-based netbooks.

Read -- Smartphone slip
Read -- First loss in a decade
Read -- Nokia Q3 statement

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

Xbox One gets another simplified dashboard redesign

Xbox One gets another simplified dashboard redesign

View
Samsung's new chips usher in smartphones with 16GB of DRAM

Samsung's new chips usher in smartphones with 16GB of DRAM

View
Lenovo ThinkPad refresh offers 10th-gen Intel CPUs and AMD's Ryzen 4000 Pro

Lenovo ThinkPad refresh offers 10th-gen Intel CPUs and AMD's Ryzen 4000 Pro

View
Ultimate Ears' Hyperboom speaker is a portable party powerhouse

Ultimate Ears' Hyperboom speaker is a portable party powerhouse

View
What's on TV this week: 'Knives Out' and 'Altered Carbon'

What's on TV this week: 'Knives Out' and 'Altered Carbon'

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr