This transcript has been automatically generated and may not be 100% accurate.

... ay ay mm mm ... Nokia came out with their second-quarter numbers this morning ... and a loss was narrower than the year-ago that's a good thing but sales are down twenty four percent ... company continues to struggle ... we are going this morning on the MoneyBeat show by ... Renee Schultes It's who listened in on the conference call ... with it when you get out of the conference call ... I'm not can problems and still persisting and said ... he has a problem in a devices and services business plan B high-end smartphones and it is selling more than a mere finds it sold seven point four MN and Antony and devices in the second quarter up from five point six in the face ... but said that's not enough to offset what's happening out of credit Nokia's devices and services business ... which event that the ... radio Muggle Alphonse which historically low though it's not his real cash cow ... now these funds they're being overtaken by an allergic cannibalize by it ... very cheap that's my funds based on ... Google's Android operating system ... in emerging markets and ... now I cannot get saying that there's actually some positives in olive this that the it the ramp up then Hui Min's is ... a is that shows that its products and I getting traction in my head ... and ... that made it a bit given the long run problem is that it's a in the U S which she talks about is that signaling market ... it needs to be successful in the U S and to ensure success in on the markets ... Windows Phone is still a ... tiny fraction of the market and that is really struggling to grow ... and on the other hand you have in the head of radio mom I'll find business ... yes they had a problem coming in city ... and the second quarter of the losses in venturing ... but the long run trend here is that it's it's really a business and declined whatever they do to bring new products new innovations to my kid ... can on the really ... at best limit some of that decline ... right and you know the ... the the I didn't read the Tell depositors understand why they would do that but ... there are problems did not start three months of this from a long running thing ... how deep seated or their problems at this point ... here is that they it they have very little company in a part of my can they say then now ... said that high and said ... stand alone and smartphone in an affectionate there and to many of them last ... and and and whether themselves sit to the Micra soft sand and Windows Phone operating system which is proving a pretty high in sodium ... in most markets there is some ... and glimmers of hope for example in the UK and Windows Phone is is managing to take some share but ... again in the US is still a tiny fraction of baffling about with that ... with the ... we bought three of its hard to see how ... that will change said the whole ecosystem ... needs a lot more money turn and it seems that the balances and ... ride higher in a thank you very much appreciate the time ...