Nokia Plans New Lumia Features, Ads After Horrible Quarter
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Nokia chief executive Stephen Elop said Thursday that Nokia was focusing on addressing shortcomings in the Windows Phone ecosystem as well as the most-requested features from former Symbian customers within the company's Lumia phone line.
But Nokia, as expected, also announced a sharp drop in revenues, as well as a 1.3 billion euro ($1.71 billion) loss for the quarter. Specifically, Nokia reported 7.35 billion euro in revenue ($9.066 billion), a 29 percent drop from a year ago, when Nokia reported a 439 million euro ($577.0 million) operating profit. »read more
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