Nokia's outloook for its handset business to be profitable in the current quarter brought some relief to its battered share price but analysts doubted it would dispel fears about the future of the one-time cellphone leviathan.A Reuters calculation showed that Nokia's overall market share fell to 23.7 per cent from 29.1 per cent in the previous quarter. Before rivals stole its lunch, Nokia enjoyed a near 40 per cent market share.
The share price has halved since February when it unveiled a shift to Microsoft software, as investors worried that the company would lose so much market share before the new phones come out that it might never make up lost ground. Their focus to a quarterly net loss of 492 million euros, the shares gave up most of their gains and were up just 2.2 per cent at 4.1 7 euros by 1 500 GMT.
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