Nokia Posts 426 Million Operating Loss

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Nokia has reported its Q3 2009 results and it reported an operating loss of 426 million euros  compared to an operating profit of 1.5 billion euros Q3 2008. This is said to be Nokia’s first quarterly loss in over a decade.This is mainly due to a goodwill write down for Nokia Siemens Networks (1.17 Billion Euros). Nokia’s devices and service division’s profits were EUR 785 million, up 3% from the previous quarter, but down 50% year on year. Continue reading “Nokia Posts 426 Million Operating Loss”