Featured Articles

HP Stream is a Chromebook killer priced at $200

HP Stream is a Chromebook killer priced at $200

We have been hearing reports of a new breed of affordable Windows notebooks for months. It is alleged that a number…

More...
AMD Radeon R7 SSD line-up goes official

AMD Radeon R7 SSD line-up goes official

AMD has officially launched its first ever SSDs and all three are part of AMD’s AMD Radeon R7 SSD series.

More...
KitKat has more than a fifth of Android users

KitKat has more than a fifth of Android users

Android 4.4 is now running on more than a fifth of Android devices, according to Google’s latest figures.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 19 October 2011 11:22

Nokia headed towards a loss

Written by Nick Farell

nokia

Second in a row

Troubled phone outfit Nokia is set to report a second consecutive quarterly loss tomorrow, with smartphone shipments falling to the lowest since 2009.

Analysts think that Nokia's third-quarter net loss may have reached 241 million euros after a 368 million-euro loss in the second quarter. Nokia is hoping that its deal with Microsoft will pull it out of trouble next year.

The company's stock has slumped 46 percent in the eight months since Chief Executive Officer Stephen Elop decided to phase out the company’s 10-year-old Symbian operating system and switch to Microsoft software. Elop wants to release a new Windows Phone 7 at the Nokia World event in London next week.

Nokia, based in Espoo, Finland, has lost more than half its smartphone market share since 2007. Still other analysts think in the long term Nokia will do well, which makes its shares a bit of a bargain.


Last modified on Wednesday, 19 October 2011 11:33
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments