Nokia Drops 90% in Profit in the First Quarter

Author: Chris

16 Apr

Compared to other cell phone manufacturers, Nokia managed to actually make a buck in the first quarter of the year. Actually it has made about $160 million in profits but that’s 90% lower than that $1.6 billion it turned in the year before. Sales dropped from $16.7 billion last year to $12.2 billion in Q1. That’s how Nokia managed to keep its crown as its still holds 37% of the worldwide market share.

via BBC

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Tags: First Quarter, Loss, Mobile News, Nokia, Nokia

Filed under: Mobile News, Nokia

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3 Responses for "Nokia Drops 90% in Profit in the First Quarter"

Today on Mobilewhack.com - Specs, reviews and prices. April 16th, 2009 at 9:55 pm 1
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Sony Ericsson Not Ready for Android Devices - Specs, reviews and prices. April 17th, 2009 at 8:27 pm 2
[...] Ericsson has announced awful results for the first quarter of the year. Unlike Nokia, which still managed to have a profit in Q1, Sony Ericsson netted a 358 Euros loss. Despite all [...]
Samsung Makes a Profit in the First Quarter - Specs, reviews and prices. April 24th, 2009 at 8:25 pm 3
[...] phones Samsung announced at the beginning of the year, we’d be surprised for it not to make a profit. We expect Samsung to sell even more phones in the following months as more handsets will be [...]