Nokia this morning revealed a chunk of lost smartphone marketshare, a $1.35 billion hit from its networks unit and more bad news generating an immediate sell-off of the company’s stock.
The company revealed a net loss of $834 million dollars for its third quarter, this is significant as it represents Nokia’s first loss-making quarter in a decade.
Sales fell 20 per cent and the company’s slice of the smartphone market fell from 41 percent to 35 percent, as it faces stiff competition from Apple’s iPhone and the round the corner threat from Google’s Android.
This isn’t expected to equate to bad news for Ap
