News Journal

Nokia profits drops by 69%

The world’s largest mobile maker company Nokia Corps posted a drop in profits in its fourth quarter results of 69% as the demand for the mobile phones reduced in some of the emerging markets of China in the holiday seasons.

The company lowered the annual forecast for coming financial year and the showed that net profit made by the company in the last three months was 576 million euros as compared to 1.84 billion euros in previous quarter.