Nokia Drops on Microsoft New System Restrictions: Helsinki Mover
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Nokia Oyj, the Finnish smartphone maker using Microsoft Corp.’s operating system, fell to a 16-year low after analysts said sales may be hurt as the U.S. supplier’s new program won’t work on its current phones.
Nokia dropped 11.4 percent to 1.71 euros in Helsinki, the lowest since August 1996. The stock has lost more than half of its value this year.