Nokia’s Q2 result shows that the company has made a loss of over US $ 1 Billion in last quarter, however sales were at US $9.2 billion which is still .5 Billion lower than last quarter.
Nokia has sold a total of 73 million handsets, most of which are thanks to the Asha series. Nokia is low on cash reserves as the company shows total $5.1 billion in reserves vs the $6.3 billion in Q1. Nokia did get $250 million support from Microsoft, but that does not have seemed to help the situation.
You can read the full report at the link below
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