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Nokia posts loss of $832 million in 3rd quarter

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[October 15, 2009]  HELSINKI, Finland (AP) -- Nokia Corp. has reported a loss of euro559 million ($832 million) in the third quarter as sales dropped 20 percent.

The world's largest mobile phone maker made a profit of euro1.09 billion in the same period last year.

Sales fell to euro9.81 billion, from euro12.2 billion in the third quarter of 2008.

Nokia said Thursday its sales were hurt by a shortage of components across its product portfolio.

[Associated Press]

Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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