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Nokia Q1 09 profits dive 90 percent

It appears that although Nokia is still lord of the mobile arena they have taken a particularly rough financial blow this quarter, as reported by the BBC.

Apparently Nokia has reported that earning per share were down to 0.03 Euros which is a staggering 90.3 percent drop on the same time last year and even an 80 percent drop since the last quarter.

Nokia net sales are down 24 percent on last year and operating profit is down 96.4 percent making this the sharpest decline for Nokia to date, but Nokia has see a slow and steady decline over the last few quarters.
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