Nokia posts huge $692 million loss, confirms 2011 Windows Phone release
Contributed by: Email on 07/21/2011 09:20 AM [ Comments ]
Total Nokia handset shipments fell 20 percent year-to-year in the second quarter to 88.5 million units. The companys smartphone segment took the largest hit, with shipment volume of those devices falling by 34 percent to just 16.7 million. The drop in smartphone shipments was large enough that Apple now sells more iPhone units 20.34 million during the same time period than all of Nokias smartphone sales put together.
Despite the poor earnings results, Nokia CEO Stephen Elop remains optimistic about the direction of the company.
Source: Digital Trends
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