http://tctechcrunch2011.files.wordpress.com/2011/07/plummet.jpg?w=300So let’s just take a step back. Nokia has been making mobile phones since the mid-1980s. It invented the category in 1996 with the Nokia 9000 Communicator. The first iPhone was released on June 29, 2007. At the time, the biggest smartphone player in the world was Nokia. But in just over four years Apple has taken the mobile world by storm, Google has entered the market with the Android OS and now Nokia is feeling the pain, on the bottom line, to put it mildly. And a new iPhone is on its way - will it tip Nokia into terminal decline?Nokia has reported an operating loss of €487 million for the quarter. It made an operating profit of €295 million a year ago for the same quarter, so that’s a €782 million drop. Or, shall we say, a screaming dive.
