Mobile phone giant Nokia has said it made a loss in the third quarter as it continued to come under pressure from other phonemakers.
It swung to a net loss of 151m euros (£173m) in the three months to September, from a 322m-euro profit in the same period.
Net sales fell 13% to 9bn euros.
Nokia has lost ground to competitors such as Apple's iPhone and phones using Google's Android operating system.
Shares in the Finnish phonemaker have plunged 41% so far this year.
Nokia boss Stephen Elop has said he is "very optimistic" about the the company's new range of smartphones, which will use Microsoft's operating system instead of Nokia's legacy Symbian software.
Earlier this year, Nokia announced thousands of job cuts as part of a 1bn-euro cost-cutting programme.
In April, it said it will cut 7,000 jobs - with 3,000 of the posts being transferred to consultancy group Accenture - as part of strategy to focus on smartphones.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
Latest Stories
-
JoyNews poll: Akufo-Addo, his government’s ‘killer’ taxes and nepotism blamed for NPP’s 2024 defeat
2 hours -
Barca scores 5 again in Copa del Rey win over Betis
4 hours -
Harry Kane scores again as Bayern thrash Hoffenheim
4 hours -
Arsenal win North-London derby to close gap at the top
4 hours -
Djokovic breaks Federer record in Melbourne win
4 hours -
Foreign Affairs Ministry lists categories of recalled diplomatic and service passports
4 hours -
NAELP refutes defamatory claims, highlights achievements
5 hours -
2024 Election: Voter apathy caused NPP’s defeat – Justin Kodua
6 hours -
Ghanaian teacher shortlisted for GEM’s $1m global prize
6 hours -
Young entrepreneurs encouraged to capitalise on 5-year tax exemption Incentives
6 hours -
Lord Morrgan fulfils promise; gifts fan Wale new motorbike
6 hours -
CHAN 2024 Draw: Two-time Champions Morocco in Group A with hosts Kenya
6 hours -
Disregarding ORAL’s mandate doesn’t help the nation – Kpebu
6 hours -
NDC gov’t cannot fulfil its promises under the current IMF programme – Godfred Bokpin
7 hours -
13 newly recruited staff posted to Creative Arts Agency
7 hours