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Nokia posts first quarterly loss in a decade and why it matters

– October 15, 2009Posted in: General, Headline, nokia

nokia japan Nokia posts first quarterly loss in a decade and why it matters Nokia’s shares are down 6.02 percent today on news that Nokia suffered an $834 million loss due to falling handset sales. In this environment it’s easy to wave this away as a crisis blip but there may be something more afoot.

Nokia blamed the loss on component shortages, a valid concern. Apple has been buying up all the flash it can eat and companies like LG and Samsung are blowing out feature phones to directly compete with Nokia’s lower-end models faster than anyone thought possible.

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Nokia posts first quarterly loss in a decade and why it matters

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