Nokia Warns On Q2, To Ax 10,000 More Jobs; Share Dive
Posted on June 14, 2012 at 08:50 AM EDT
Mobile phone maker Nokia (NOK) on Thursday issued another profit warning and said it would axe 10,000 workers as it struggles to cope with competition with Apple (AAPL) and Samsung. N.Y.-listed shares in Nokia fell 9% in pre-market trading. Nokia's new Lumia smartphones, which use Microsoft (MSFT) software, have yet to buck the popularity of the Apple iPhone and Samsung devices. Taiwan's HTC and Research in Motion (RIMM) are also struggling