Sunday, 20 August 2017

Nokia in the red as smartphone woes spread east

By Nick Wood, Total Telecom
Thursday 21 July 11

CEO Stephen Elop chalks Q2 up as a quarter of 'significant transition' as device shipments plummet.

Nokia chief executive Stephen Elop admitted on Thursday that lagging demand for his company's high-end devices is spreading to more markets, after the wavering Finnish handset giant reported a sorry set of second-quarter results. "Q2 was a difficult quarter," he said, during the company's investor call. "The challenges that began in the West are spreading to the East.&quot…

Nokia chief executive Stephen Elop admitted on Thursday that lagging demand for his company's high-end devices is spreading to more markets, after the wavering Finnish handset giant reported a sorry set of second-quarter results. "Q2 was a difficult quarter," he said, during the company's investor call. "The challenges that began in the West are spreading to the East.&quot…

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