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July 21 2011


Nokia smartphone sales decline 30pc - who and what will put Nokia out of its misery?

AllThingsD :: Nokia, the Finnish cellphone maker said that net sales in its core devices-and-services business dropped by -23% from the prior quarter and -20% from a year earlier. Smartphone revenue and unit sales saw an even steeper decline, with both down more than -30% from both the prior quarter and year-ago results.

[Stephen Elop, CEO Nokia] ... disappointing ...

Nokia's current "strategic transformation" includes "cutting prices in some areas, changing leadership on the sales side and accelerating its plans to cut costs." - I see. What about innovation?

Continue to read Ina Fried, allthingsd.com

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