IPhone Beating Nokia 10-to-1 Leaves U.S. Effort in Doubt
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Nokia Oyj’s attempt to spearhead its comeback via the U.S. is falling short as its Lumia smartphones are failing to stop consumers from snapping up Apple Inc. iPhones and handsets running Google Inc.’s Android software.
Nokia shares fell for a second day after the Espoo, Finland-based company said yesterday it sold about 700,000 handsets in North America in the holiday quarter, a fraction of the tens of millions of iPhones and Android handsets sold in the period. Francisco Jeronimo of research firm IDC in London was among analysts projecting a figure of at least 1 million Lumias.