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Nokia smartphone gross sales, income plunge in this fall

Nokia smartphone sales, profits plunge in Q4

Nokia has mentioned a fourth-quarter internet loss of 25 million euros ($34 million) as the struggling firm noticed gross sales smartphone gross sales plunge 29 %.

Nokia says that the gadgets and products and services unit, which it is promoting to Microsoft, noticed gross sales fall to 2.6 billion euros in the quarter, down from 3.7 billion a 12 months previous. It recorded a running loss of 191 million euros in comparison with running revenue of 97 million a year prior.

Persevering with operations, together with its networks unit, noticed gross sales hunch via extra than 20% in the quarter when compared with 12 months prior.

Nokia’s share value was once down 4 % at 5.50 euros on the Helsinki Stock Exchange in early afternoon buying and selling.