Finnish handset maker Nokia has posted its first quarterly loss in a decade, and it is a doozy. The company is reporting a €559 million ($834 million) loss, due to falling handset sales. Nokia stated that its smartphone market share fell from 41 percent to 35 percent over the quarter. The company took a €908 million hit due to its ill-fated Nokia Siemens Network venture.
It is easy to see why the company is putting so much into the Booklet 3G netbook launch. It no doubt realizes it had better do something that is unrelated to the phone business, where it continues to slide. Perhaps the Booklet 3G will aid Nokia in penetrating the U.S. market, something it has not been successful with thus far.
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