Nokia Suffer Q3 Loss

Nokia have recently announced their Q3 numbers, however they are not at all impressive, over all they lost 426 million EUR ($636.57 million).

This time last year the company were reporting a profit of 1.469 billion EUR ($2.2 billion), according to a report on IntoMobile in this quarter they managed to sell 108.5 million phones, however their loss equates to losing the equivalent of $5.87 on each handset.

Out of the 108.5 million phones sold 16.4 million of these were said to be smartphones, 4.5 million of these smartphones are said to be handsets from the N series and 4.4 million of the smartphones are said to be the E series handsets.

For fully detailed information regarding Nokia’s third quarter check out IntoMobile’s article.

Does the loss surprise you?