Five Companies That Dropped The Ball This Week

Nokia's Decline Illustrated In Annual Report

Nokia, in its 20-F report filing with the Securities and Exchange Commission, revealed that it had a $1.4 billion operating loss in 2011, after reporting an operating profit of $2 billion in 2010. In addition to declines in revenue and earnings per share, Nokia reported a 25 percent drop in smartphone sales last year. Nokia had better hope Windows Phone starts catching on in the marketplace because the future doesn't look so hot.

Get the latest channel news to your inbox every morning with the CRN Daily newsletter.