looks like the BB & iPhone hype had more impact than expected

nokia-bleed-smartphone-prints

“Oct. 15 (Bloomberg) – Nokia Oyj, the world’s biggest maker of mobile phones, had its first net loss since the company began reporting quarterly in 1996, hurt by costs related to a joint venture with  Siemens AG and weaker demand.

The net loss totaled 559 million euros ($834 million), after a profit of 1.09 billion euros a year earlier.”

Nokia also said that its smartphone market share dropped to 35% versus 41% in the previous quarter. 6% drop within the last 3 months is not normal at all.. its like 6% of the Nokia smartphones owners switched to another brand.

sources:

bloomberg, Engadget

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