A Singapore press holdings portal

News, Science And Tech

Wednesday, Apr 30, 2014

News, Science And Tech

Last Nokia phones sell sluggishly as loss widens

Reuters | Wednesday, Apr 30, 2014

HELSINKI - Nokia said on Tuesday its phone sales fell 30 per cent in the last quarter they belonged to the previous world-market leader and the unit's loss widened.

Nokia's discontinued operations - the phone unit - posted a drop in first-quarter sales to 1.9 billion euros (S$3.3 billion) from 2.8 billion euros in the same quarter a year earlier. The operating loss widened to 306 million from 73 million euros.

The Finnish company said the sales decline resulted primarily from decreasing demand for its cheaper phones, but smartphone sales also fell.

Microsoft bought Nokia's phone unit for 5.6 billion euros in a deal that closed on Friday.

No comments yet.
Be the first to post comment.