A sharp fall in sales of Nokia’s basic phones overshadowed a stronger performance from its Lumia smartphones in the first quarter, rekindling fears over its future and sending its shares tumbling to year lows.
The results renewed pressure on chief executive Stephen Elop, who was hired in 2010 to turn the Finnish mobile phone maker around after it fell behind rivals Samsung and Apple in the smartphone race.
via Business feed http://www.scmp.com/business/companies/article/1218075/nokias-results-send-mixed-messages-shares-tumble
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