Nokia reports quarterly loss that includes cash infusion from Microsoft

While the good news is that the company is reporting the shipment of over 1 million Windows Phones, the bad news is that Nokia has experienced the third straight quarterly loss. Nokia's revenue dropped 21% from last year and profit dropped from €884 million (about $1.1 billion U.S) to €954 (about $1.25 billion U.S.) loss. While Nokia is pleased as punch about shipping over a million Windows Phones, overall smartphone revenue dropped 38% and overall smartphone shipments dropped 8%. On the positive, Nokia reported an infusion of €180 million ($250 million U.S.) from Microsoft in the form of platform support payments.