Nokia’s unlimited download Comes With Music service is again at the centre of speculation concerning poor subscriber takeup.
Nokia this morning announced a management shakeup just a day after reporting its first quarterly loss for more than a decade. The world’s largest handset vendor said that Rick Simonson (pictured) – currently CFO – will become head of its low-end mobile phone unit in the devices division.
Nokia, the world’s largest handset vendor, this morning reported a third-quarter net loss of EUR913 million (compared with a profit of EUR1.1 billion in the year-ago period) as it booked impairment charges on goodwill of EUR908 million for Nokia Siemens Networks (NSN). Net sales for the July to September period fell 20 percent year-on-year to EUR9.8 billion.