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Oct 19, 2008

Nokia reports sells slow down

I don't write a lot about smartphones market leader Nokia. Mainly because I'm not a big fan of the Symbian OS.

Today I read that Nokia reported a 30 percent drop in third-quarter net profit amid falling sales and lower prices for its handsets.

In addition, market share went from 40 percent in the previous three-month to  38 percent in the third quarter.

Interesting to say, that last month Nokia already declared that its market share would drop because of competitors price cuts.

OK. Whatever.


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