Nokia smartphone sales, profits plunge in Q4

Nokia has talked about a fourth-quarter web loss of 25 million euros ($34 million) as the struggling agency observed gross gross sales smartphone gross gross sales plunge 29 %.

Nokia says that the devices and merchandise and products and services unit, which it is selling to Microsoft, observed gross gross sales fall to 2.6 billion euros in the quarter, down from three.7 billion a 12 months earlier. It recorded a working loss of 191 million euros in comparability with working earnings of ninety seven million a yr prior.

Persevering with operations, collectively with its networks unit, observed gross gross sales hunch by means of additional than 20% in the quarter when in comparison with 12 months prior.

Nokia’s share price used to be as soon as down four % at 5.50 euros on the Helsinki Inventory Alternate in early afternoon shopping for and promoting.