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Nokia suffers $834 million loss! Shares down 6.02%

Question asked by Kaustubh Katdare in #Coffee Room on Oct 15, 2009
Kaustubh Katdare
Kaustubh Katdare · Oct 15, 2009
Rank A1 - PRO
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.


"Our volumes and net sales were, however, somewhat constrained by component shortages we encountered across the portfolio," Kallasvuo said in a statement
Posted in: #Coffee Room
mahesh_dahale
mahesh_dahale · Oct 15, 2009
Rank B2 - LEADER
Yap , The mobile phone maker sees sales drop 20 percent. 😔
Kaustubh Katdare
Kaustubh Katdare · Oct 15, 2009
Rank A1 - PRO
The Korean phone makers are taking Nokia for a ride.

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