Nokia’s Q3 Profit Beats Estimates, Company Plans To Cut 1,800 Jobs
In the first results since the company named Stephen Elop CEO, Nokia reported net income of 529 million euros from a loss of 559 million euros a year earlier. Sales rose to 10.3 billion euros from 9.81 billion euros as the company shipped some 110.4 million devices.
In a separate statement, Nokia said it will henceforth focus solely on the Qt framework framework and support for HTML5. Nokia says the decision to focus on Qt as the sole application development framework will ensure that apps will continue to be compatible with future evolutions of Symbian as well as upcoming MeeGo products.