Nokia reports heavy switch to loss in Q2

HELSINKI : The world's top mobile phone maker Nokia reported on Thursday that it fell heavily into loss in the second qu

Published July 21, 2011 Updated July 21, 2011 01:57pm

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By Asad Naeem

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The Finnish company posted a net loss of 368 million euros (520.5 million dollars) compared to the 227 million-euro net profit it posted in the second quarter of 2010, falling far short of expectations of analysts polled by Dow Jones Newswires who expected a loss of 104 million euros.

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