Mobile phone maker Nokia has whispered that it made a loss in the 3rd quarter as it continued to come under pressure from other cell phone makers. It swung to a net loss of 151 million euros in the 3 months to September, from a 322 million-euro profit in the similar period.
Net sales chop down by 13 percent to 9 billion euros. Nokia has lost ground to rivals such as phones employing Google's Android O.S. and Apple's iPhone. Shares in the Finnish cell phone maker have plunged 41 percent so far this year.
Nokia whispered it sold 16.8mn smart phones in the quarter – thirty eight percent less than the earlier year. But the volume of cell phones Nokia sold in total increased by 8 percent to 89.8mn - reflecting its strength in simpler and cheaper so-called "dumbphones".
The firm's new range of smartphones is going to employ Microsoft's O.S. instead of Nokia's Symbian software. "I’m motivated by our advancement around the first Nokia experience with Windows Phone," Nokia chief Stephen Elop whispered.
"We look ahead to bringing the experience to customers in selected nations soon this quarter." At the beginning of this year, Nokia declared plenty of job cuts as a strategy of a 1 billion-euro cost-cutting program.
In April, it whispered it would cut seven thousand jobs - with three thousand of the folks being moved to consultancy group Accenture - to concentrate on smartphones. "The proposed changes we’ve initiated are tricky, but essential in order to line up the firm to our strategy," Mr. Elop whispered.
