Nokia reported a 39 percent year-on-year drop in the number of smartphones it sold in the second quarter, to 10.2 million, while its net loss more than trebled. - Peter Sayer for ARN
Nokia has been struggling financially as it tries to keep up with the smartphone industry currently dominated by Samsung’s mobile devices running on Google’s Android platform, and Apple’s iPhone, which is rumored to release the latest version, iPhone 5, next month. The company faces challenges in its transition to the Windows Phone operating system from the previous Symbian OS. Only in the US has Nokia’s Lumia 900, created to compete with the Android phones and Apple’s mobile devices, has sales been good. Demand for the Lumia phones are still uncertain despite a 2% percent increase in feature phones sold.
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