Once the darling of the cell phone market, Nokia has fallen precipitously from its vaunted pedestal since the introduction of next-gen competition like Apple's iPhone. The company, and CEO Stephen Elop, have promised to right the ship, but its earnings disappointed investors once again. What should investors take from this report? Watch the video below to find out.

Andrew Tonner owns shares of Apple. Follow Andrew and all his writing on Twitter: @AndrewTonner

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