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Nokia Reports Earnings Down 40 Percent on Flat Q2 Sales

Nokia reported flat sales for the second quarter, with a 40 percent year-on-year drop in earnings. CEO and President Olli-Pekka Kallasvuo sees several reasons to be optimistic. Sales for the quarter totalled 10 billion (US$12.21 billion) up less than 1 percent on a year earlier. Gartner: “Competitors have made huge improvements in their smartphone portfolios since last year, while Nokia has not” Nokia is backing two software platforms for its future smartphones.”]

Source: https://www.csoonline.com/article/2125721/nokia-reports-earnings-down-40-percent-on-flat-q2-sales.html

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