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Nokia sales tumble overshadows Lumia pick-up
Posted: 18-Apr-2013 [Source: Reuters]

[Increased pressure on Nokia CEO Stephen Elop as Nokia sales declines.]

Ritsuko Ando, Helsinki -- "A sharp fall in sales of Nokia's basic phones overshadowed a stronger performance from its Lumia smartphones in the first quarter, rekindling fears over its future and sending its shares tumbling to year lows.

The results renewed pressure on Chief Executive Stephen Elop, who was hired in 2010 to turn the Finnish mobile phone maker around after it fell behind rivals Samsung and Apple in the smartphone race. He made the controversial decision to switch to Microsoft's untried Windows Phone software in early 2011 and had said the transition would take two years, a period that's now over. Analysts said he was running out of time."

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