Audio By Carbonatix
Mobile phone giant Nokia has said it made a loss in the third quarter as it continued to come under pressure from other phonemakers.
It swung to a net loss of 151m euros (£173m) in the three months to September, from a 322m-euro profit in the same period.
Net sales fell 13% to 9bn euros.
Nokia has lost ground to competitors such as Apple's iPhone and phones using Google's Android operating system.
Shares in the Finnish phonemaker have plunged 41% so far this year.
Nokia boss Stephen Elop has said he is "very optimistic" about the the company's new range of smartphones, which will use Microsoft's operating system instead of Nokia's legacy Symbian software.
Earlier this year, Nokia announced thousands of job cuts as part of a 1bn-euro cost-cutting programme.
In April, it said it will cut 7,000 jobs - with 3,000 of the posts being transferred to consultancy group Accenture - as part of strategy to focus on smartphones.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Is talk of “losses” by GoldBod just abstract drivel? Bright Simons asks
4 minutes -
US Strikes: Ondo Amotekun arrests 39 fleeing suspected terrorists
11 minutes -
New Passport Office opens in Techiman, bringing vital services closer to Bono East residents
43 minutes -
Anthony Hopkins shares advice as he celebrates 50 years of sobriety
60 minutes -
KTU Radio wins international award for its unique programme on World College Radio Day
1 hour -
German court jails man for drugging, raping and filming wife for years
1 hour -
Alhaji Agongo builds lifeline facility for Ghana Police Hospital’s ‘Unknown Patients’
1 hour -
Removal of Chief Justice Torkonoo had economic implications – Samson Lardy Anyenini
1 hour -
Ronaldo will not retire until he scores 1,000 goals
1 hour -
Amerado shuts down Okese Park with third edition of My Motherland Concert in Ejisu
2 hours -
Mahama visits Kufuor at Peduase to extend Christmas and New Year wishes
2 hours -
Man City close to agreeing terms Bournemouth to sign Semenyo
2 hours -
Time is right to change Man Utd formation – Amorim
2 hours -
Akufo-Addo’s record not entirely negative despite economic challenges – Anyenini
2 hours -
Dafeamekpor chairs Kenpong Travel’s 2026 World Cup Travels management team
3 hours
