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Nokia beats forecasts but losses surge


Nokia beats forecasts but losses surge


Finland’s telecoms champion Nokia has reported a sixth straight quarterly loss, and the failure of its latest Lumia smartphone to grab market share from Apple and Android devices.

Revenue has now fallen by a third since 2011’s decision to bet on phones using Windows software. In that time 20,000 jobs have also gone.
Nokia shares have tumbled 42% this year, and the market value of the erstwhile world number one phonemaker has shed nearly 90% since the 2007 launch of the iphone.

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