Nokia burning through cash at an unsustainable rate

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Over the past five quarters, the onetime darling of mobile telecoms has eroded its cash pile by 2.1 billion euros ($2.7 billion) – a rate that would wipe out its entire 4.9 billion euros reserves in a couple years.

Truly amazing how far they have fallen.



  • belton braces

    A cash pile of $2.7bn, AAPL just walks in and gets those kind of figures in a month these days.

  • http://www.johncblandii.com John C. Bland II

    Yeah, for real. My N95 was a great device and I was BIG on Nokia. Too bad they couldn’t change fast enough.