Nokia beats forecasts but losses surge Finland's telecoms champion Nokia has reported a sixth straight quarterly loss, and the failure of its latest Lumia smartphone to grab market share from Apple and Android devices. Revenue has now fallen by a third since 2011"s decision to bet on phones using Windows software. In that time 20,000 jobs have also gone. Nokia shares have tumbled 42% this year, and the market value of the erstwhile world number one phonemaker has shed nearly 90% since the 2007 launch of the iphone. More about: Economy, Mobile Telephony, Nokia, Telecommunication