Nokia cuts losses but sales continue to plummet




Technology Top Stories from Associated Press (AP) show

Summary: HELSINKI (AP) , Nokia continues to take a hammering in the smartphone market, with sales for the handset maker falling by 20 percent in the first three months of the year. Although the Finland-based company managed to reduce its first-quarter net loss to 272 million euros ($357 million) from a loss of 928 million euros a year earlier, that was mainly thanks to cost-cutting.