• Copyright Reuters 2013

    (Copyright Reuters 2013)

  • Copyright Reuters 2013

    (Copyright Reuters 2013)

Nokia says mobile phone sales hit by competition: CEO

Features Reuters

Nokia's Chief Executive Stephen Elop said tougher competition was the main reason behind the fall in sales of regular mobile phones.

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Nokia reported earlier that its mobile phone sales in the first quarter slumped 31 percent from a year earlier to 1.59 billion euros, a sharper drop than the 14 percent decline that analysts expected in a Reuters poll.

(Reporting by Ritsuko Ando; Editing by Tom Pfeiffer)