Nokia's smartphone sales, profits plunge in Q4 2013
APHELSINKI--Nokia Corp. has reported a fourth-quarter net loss of US$34 million as the struggling company saw sales smartphone sales plunge 29 percent.
January 24, 2014, 12:06 am TWN
Nokia says that the devices and services unit, which it is selling to Microsoft Corp., saw sales fall to 2.6 billion euros in the quarter, down from 3.7 billion a year earlier. It recorded an operating loss of 191 million euros compared with an operating profit of 97 million a year earlier.
Continuing operations, including its networks unit, saw sales slump by more than 20 percent in the quarter compared with a year earlier.
Nokia's share price was down 4 percent at 5.50 euros on the Helsinki Stock Exchange in early afternoon trading.