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Wireless

Nokia posts Q3 net loss, sales fall 13%

Thursday 20 October 2011 | 12:00 CET | News
Nokia reported third-quarter sales down 13 percent from a year earlier to EUR 8.98 billion, hurt by a continued fall in its handset sales. Revenues from its Devices & Services division tumbled 25 percent to EUR 5.39 billion, but the division did better than the company's forecast for an operating result around breakeven, posting an operating profit before one-time items of EUR 222 million, down from EUR 750 million a year ago. Smartphone sales fell 38 percent year-on-year to 16.8 million units, while feature phone sales were up 8 percent to 89.8 million, helped by its new dual-Sim phones,

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Categories: Mobile & Wireless
Companies: Nokia
Countries: World
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