Linked by Thom Holwerda on Thu 19th Jul 2012 18:32 UTC
PDAs, Cellphones, Wireless Nokia just posted its quarterly results - including shipped devices - and it's not looking good. Massive losses, sales dropping, and no growth in Lumia sales in the US. The company is losing money hand-over-fist, and with Windows Phone 8 still months away, the company warns the next quarter will be just as bad.
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As far as S40 is concerned Elop is still investing in it, in fact it has recently been upgraded to touch as an efect of their Smarterphone company purchase.
Still they axed QT for phone strategy entirely.

S40 is mostly relegated to the price points lower than the cheapest usable Android phone (currently Galaxy Pocket S5300 for ~85€).
I expect that by the end of this year, the price range between 60-80€ will be occupied by Android devices from Huawei and ZTE. As the cheapest Asha sells for 60€, that will leave S40 with nothing.

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