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The decline shows eroding demand for Nokia's products and the difficulty Microsoft faces in competing against Apple and Google.
But the crisis is not reaching Japan by way of its still relatively healthy banks, but rather through the back door, by eroding demand for the exports that underpin Japan's economy.
It is compelling department stores to hold seemingly constant sales, causing restaurants to adopt downscale menus and eroding demand for a broad range of service businesses, from advertising agencies and law firms to dry cleaners and hair cutters.
Pete Cunningham, an analyst at Canalys, a research firm in Reading, England, said Nokia was witnessing eroding demand for its Symbian handsets, a drop that accelerated in the five months after Nokia introduced its first Lumia phones with Microsoft software in October.
The news comes as the U.S. tech stalwart and photocopying synonym struggles to cope with an eroding demand for office printers and photocopies.
Things are definitely out of balance now with zero to negative wage growth on the part of workers contrast with Gilded Age wealth accumulations by the rich eroding demand for goods and services with every passing day.
Similar(54)
This political uncertainty has eroded demand for Italian debt.
The rise of alternatives like tablet computers and smartphones has also eroded demand for personal computers.
The builders announced lower orders and revenue as the three-year housing slump eroded demand.
It put off the sale as a slide in the Nasdaq composite index eroded demand for new shares.
Over time, though, increased scrutiny and regulatory tightening will further reduce the distinction between onshore and offshore, and erode demand for the havens.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com