Business

Associated Press
FILE - This is a Wednesday, Sept. 5, 2012 file photo of Stephen Elop, CEO  of Nokia, as he introduces its newest smartphone, the Lumia 920, equipped with Microsoft's Windows Phone 8 in New York. Nokia continues to take a hammering in the smartphone market from rivals Samsung and Apple with sales for the handset maker falling by a quarter in the first quarter. Although the Finland-based company managed to reduce its first-quarter net loss to euro272 million ($357 million) from a loss of euro928 million a year earlier, mainly thanks to cost cutting, net revenue dropped by 25 percent to euro5.8 billion . Nokia's share price plunged 10 percent to 2.39 euros in Helsinki, following the announcement Thursday April 18, 2013.  (AP Photo/Mark Lennihan)

View gallery

500 photos

Economy, business and finance photos

View Comments