Though Nokia's not a massive name in the U.S., across the rest of the world it's enormous--the biggest cell-phone retailer by far. But the giant company's just announced its second-quarter profits, and they're terribly bad.
In fact, the figures for the second quarter net profits of €380 million represent a slump of some 66% year-on-year. That's an incredible downwards trend, and it's got Nokia on the defensive as the company also noted that it thinks the low demand for its products is beginning to bottom out.
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