Nokia Drops 90% in Profit in the First Quarter

By Chris - 04/16/2009 8:54:34 PM



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, Nokia



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