• By John Herrman
    Jul 16, 2009 7:09 AM 7,990
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    #nokia

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    Nokia Is Doomed, Pt. III: Profits Plummet By Two Thirds

    Matt declared their latest, greatest salvo in the smartphone wars a wide miss, and analysts chimed in to say that yes, Nokia's high-end prospects are grim. Well, Nokia's second quarter earnings are in, and boy, are they gruesome: profit is down 66% from the same time last year, market share is basically flat, and product-wise, there's no obvious cure on the horizon. [WSJ]


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