Nokia profit plunges 40 percent

Cnet: Nokia reported Thursday a 40 percent drop in second-quarter earnings.
The Finland-based mobile phone maker took home a profit of 227 million euros ($291 million), down from the 380 million euros a year earlier. Sales for the quarter that ended June 30 were virtually flat, inching up 1 percent to 10 billion euros from 9.9 billion a year ago.

Read Full Story >>