Nokia battered as profits crash - PC Retail

Nokia battered as profits crash

Profits slump 90 per cent, but company says demand will remain stable for FY09
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Nokia has posted net sales of 9.3 billion euros in 1Q09, down 27 per cent both year-on-year and sequentially.

Net profits reached 122 million euros, heavily down on the 1.2 billion euros in the same period in 2008.

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