1/23/2014
Stringer . / Reuters/Reuters

Nokia announced that its cellphone business, which Microsoft will take over early this year, saw a 29% drop in fourth-quarter sales, which was higher than the 4.5% drop reported in the previous period. Exact sales figures for the unit were not disclosed, but Nokia pointed to a decline in smartphone and feature phone sales thanks in part to a "strong momentum of competing smartphone platforms."

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