Espoo, we have a problem. Today Nokia posted its Q3 2009 results and to say they’re disturbing would be a gross understatement. While net sales and operating profit didn’t fare well being down 1% and 4.4% from the previous quarter, the real startling figure is how Nokia is doing now compared to the same time last year. With a net loss of some 559€mm ($833.9mm USD) and sales tallying 9.8€bb ($14.62bb USD), YoY net sales were down 19.8% while operating profit plummeted a jaw dropping 57.8%. In t...

This past Wednesday Apple reported a very solid quarter due to growing iPhone and iPod sales that provided enough revenue to diminish its waning personal computer sales. Unfortunately it looks like Microsoft had no such cushion. For the first time in the company’s storied 23-year history, Microsoft reported a year over year slide as Q3 FY09 revenue declined 6 percent to $13.65 billion. Net income slid as well, down a disheartening 32 percent YoY to $2.98 billion. While enterprise revenue remained stable...