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Saturday, July 25, 2009

Nokia posts 66 percent drop in 2Q profit

Nokia posts 66 percent drop in 2Q profit, lowers yearly market share target

July 16th, 2009 Nokia profit drops 66 percent in 2QSTOCKHOLM — The world's top cell phone maker, Nokia Corp., on Thursday said second-quarter earnings fell 66 percent as the global recession sapped demand. The company scrapped its target to gain market share this year and its stock sagged.

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