Nokia suffers $834 million loss! Shares down 6.02%
Question asked by Kaustubh Katdare in #Coffee Room on Oct 15, 2009
The Finnish Mobile giant has reported quarterly loss for the first time in this decade.
Chief executive Olli-Pekka Kallasvuo said the demand for mobile devices had improved in many markets during the July-September period but added that the company had had some problems.Posted in: #Coffee Room
"Our volumes and net sales were, however, somewhat constrained by component shortages we encountered across the portfolio," Kallasvuo said in a statement
Yap , The mobile phone maker sees sales drop 20 percent. 😔
The Korean phone makers are taking Nokia for a ride.