|  Updated: 

NOKIA MAKES A SHOCK WRITEDOWN

By:

Add as a preferred source on Google

HANDSET maker Nokia shocked investors yesterday by taking a major writedown at its struggling networks unit and revealing a fall in smartphone sales, sending its shares down 11 per cent. President Olli-Pekka Kallasvuo said the company booked a €908m (£835m) hit from its Nokia Siemens Networks (NSN) joint venture.