Nokia Launches iTunes Rival

Schachter, Ken
October 2008
Red Herring;10/16/2008, p6
Trade Publication
This article reports on the decline in sales and profits of Nokia for the third quarter of 2008 following the launch of its Comes With Music service in Great Britain along with the 5310 XpressMusic phone. Nokia posted a 5 percent decline in revenue to $16.4 billion as the company refused to match price cuts by rivals. Its earnings per share fell 28 percent compared to the previous year. The service offers free, unlimited music for a year for consumers who signs up with Nokia and buys the handset.


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