NOK profit warning

Nokia's inevitable profit warning came. The scale of the retreat managed to take everyone by surprise though; devices and services is struggling to stay in black numbers. At least the company is still trading a tad above book value, which means there are still some people betting on future profits. The lone bull thesis is that while CEO comments that we will be tossing out Symbian can be attributed for a part of the rapid sales decline, at least it continues to show to everyone in the organization that something new has to come out.