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Nokia Smartphone Share drops to 35% with €559 million Q3 loss

Nokia doesn’t seem to be doing as well as they usually do as Nokia posts a net loss of a huge €559 million, which is roughly $834 million, for Q3 and is apparently Nokia’s first quarterly loss in a decade reports engadget mobile.

Word is Nokia suffered a 20 precent fall in mobile phone sales along with a €1.17 billion in write-downs mostly due to impairment charges on Nokia Siemens Networks.

Furthermore, Nokia has also stated that their smartphone market share has tumbled to 35 percent as opposed to 41 percent in the previous quarter.