Nokia Sales Tank In Q1 Despite Smartphone Uptick
Nokia's revenue dropped 20 percent in its fiscal first quarter to $7.7 billion. But the bigger gut punch came in the form of a quarterly loss of more than $354 million. Ouch. Investors didn't like it and, frankly, it's not hard to see why. Nokia did report an uptick in Lumia smartphone sales, but that didn't do much to chase away the dark clouds that continue to stubbornly hover over the troubled mobile device vendor.