Nokia records Q3 losses

Mobile phone giant Nokia has said it made a loss in the third quarter as it continued to come under pressure from other phonemakers.It swung to a net loss of 151m euros (132m) in the three months to September, from a 322m-euro profit in the same period. Net sales fell by 13bn to 9bn euros.Nokia has lost ground to competitors such as Apples iPhone and phones using Googles Android operating system.Shares in the Finnish phonemaker have plunged by 41 per cent so far this year.Nokia said it sold 16.8 million smart devices in the quarter38 per cent less than the previous year.
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