Nokia released its first quarter results today. And the key metrics are all down.
Here are some interesting down, down, down statistics from Nokia’s First Quarter results:
* Nokia Operating Profits Down 96% year-over-year
* Nokia Sales Down 27%
* Nokia Earnings Per Share Down 91%
* Nokia Mobile Device Volumes Down 19%
* Nokia Mobile Device Market share Down to 37% from 39% a year ago
Folks, we are in for a long recession or worse, even a long depression.
Hang on to that oldÂ Nokia phone with a million scratches and don’t even think of buying a new one.