Quickthink

They have had a rough quarter

Despite the recent launch of the lower-priced Lumia 900, net sales for the first quarter were €7.4 billion — down 29 percent on the same period last year — and Nokia witnessed falls from top to bottom. There was a 52 percent drop in smartphone sales revenue on the same time last year, and a 32 percent reduction in revenue from featurephones.

And looking a bit further back

… (over) the past two years, … Nokia’s share price has dropped by around 75 percent.

Ouch!

From giga

This entry was posted on Thursday, April 19th, 2012 at 2:22 pm and is filed under Business models. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.