Nokia revamp to hurt most of 2012 results-Chairman

Reuters News
|
Posted: Feb 01, 2012 3:44 PM
Nokia revamp to hurt most of 2012 results-Chairman

HELSINKI (Reuters) - Nokia's major revamp, which includes a deal to start using Microsoft Corp software for its smartphones, will impact earnings of the Finnish handset maker through most of this year, Chairman Jorma Ollila said on Wednesday.

"For a significant part of the year the transition will be seen in the results," Ollila told Finnish national broadcaster YLE.

(Reporting By Tarmo Virki; Editing by Richard Chang)