Looks like Microsoft Got in Bed with the WRONG Company!!!!

Nokia reports a €1.4bn loss
Windows Phone did little to help the bottom line
Source: The Inquirer (http://s.tt/16URe)


From The Inquirer


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Nokia didn't need an SEC filing to tell the world it had a terrible 2011, however it did attach a figure, a very large negative one, to Stephen Elop's first full year in charge of the firm. According to Nokia's SEC filing, the firm posted a €1.4bn loss during 2011 with decreased revenues and lower earnings per share.
Elop's decision to plump for Microsoft's Windows Phone operating system for its smartphone range has failed to jolt the firm into action, materialising in sales of €38.7bn, almost €4bn down from a year previously. After taking into account the cost of flogging its phones, research and development, administration and marketing expenses, close to a €1.1bn impairment to goodwill and tax all Nokia had left was a €1.4bn loss, hardly inspiring for the firm.
Source: The Inquirer (http://s.tt/16URe)


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