Nokia stocks plunges

Nokia recently announced that phone sales were down and so is profit. With no good news looming, Nokia’s stocks went down 24%.

Analysts have criticized the announcement recently by newly installed CEO Steven Elop. Nokia will use Microsoft’s Windows Phone 7 as its new platform and will make Symbian phones obsolete. Elop, a former Microsoft executive denied reports today about a Microsoft acquisition.

Watch the interview here.

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