Nokia's earnings returned to the black in the third quarter thanks to smartphone sales, but it also announced 1,800 layoffs.
The Finnish mobile phone maker said today that it took home a profit of 529 million euros ($741 million) in the third quarter compared with a loss of 559 million euros in the year-ago quarter. Revenue rose almost 5 percent to 10.3 billion euros from 9.8 billion euros a year back earlier.
Surpassing analyst expectations, the third-quarter results were boosted by higher selling prices on Nokia smartphones. For the quarter, the company's Devices and Services … Read more