Nokia's Second-Quarter Earnings Fall
Nokia, which earlier issued a profit warning for the quarter, posted profits that were in-line with analysts lowered expectations, according to a MarketWatch report.
Nokia's sales for the quarter reached €10 billion, or $12.9 billion, up 1% over the same time last year. The company has been under pressure to jump-start its line of high-end phones as it faces increasing heat from Apple's iPhone. Earlier this week, the Wall Street Journal reported the mobile phone maker was looking for a new CEO.