Sales Of New Nokia Phone Are Mixed

NPR

Published April 20, 2012 at 4:00 AM EDT

(SOUNDBITE OF MUSIC)

LYNN NEARY, HOST:

NPR's business news begins with a poor reception for Nokia's new smartphone.

(SOUNDBITE OF MUSIC)

NEARY: Nokia gave its Lumia smartphone a splashy launch this month. The phone runs on a new Microsoft operating system and is a key part of the Finnish company's efforts to regain market share. But yesterday, Nokia admitted that its phones aren't connecting with consumers and sales results have been mixed. Now to better compete, the company plans to deeply lower the prices of its Lumia phones. Nokia reported a $1.2 billion loss for the first quarter yesterday. Revenue dropped 29 percent. Transcript provided by NPR, Copyright NPR.

SUSTAIN what matters. BUILD what’s next.

With federal funding eliminated, WKAR relies more than ever on community support to sustain essential services that remain freely available to everyone in mid-Michigan. Your support helps shape what comes next for public media in our region. The best way to support WKAR is by becoming a sustaining member today or by upgrading your current gift. Support WKAR TV Here | Support WKAR Radio Here.