Nokia, at least in the form that we once knew it, is no more. The handset business has been cleaved off and sold to Microsoft, but that union isn't beginning on a happy note. In Nokia's final earnings report as an independent phone manufacturer, the outfit revealed that it isn't just feature phone sales that are dwindling, but that people are spending less on Asha and Lumia handsets too. In fact, the company's overall sales fell by 30 percent compared to the same period in 2013. Nokia blamed the lack of interest in its low-end devices by saying that the industry was in a race to the bottom, while at the top, it let out the usual refrain of "competitive industry dynamics" -- a polite way of saying that Nokia and Microsoft have been unable to topple the behemoths of Android and iOS. That's been proven with the latest Kantar figures, where it remains a long way behind the big two in both the US and China.
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Filed under: Cellphones, Mobile, Microsoft, Nokia
Source: Nokia (.PDF)
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