Nokia Corporation (ADR) (NYSE:NOK) confirmed by means of its Russian Twitter account that it will discontinue rolling out the update. As it was noticed that Lumia phone is releasing very quickly the up gradation to Windows Phone 7.8. Nokia (NOK) and Microsoft Inc. (NASDAQ:MSFT) also took notice of the bug existing in the up gradation to Windows Phone 7.8.

The tweet was in reply to a Lumia user requesting Nokia regarding the battery issue. Approximately translated its tweet, Microsoft decided to for time being hang up distribution updates WP7.8 for finalization.

More and more users have been reporting serious battery drain following they updated their Lumia devices to Windows Phone 7.8. The new live tiles the update ads seem to employ heavy amounts of data, which in revolve causes the battery to expire faster, according to Microsoft. The firm will most probably recommence the release for the update once the issues have been set on.

Nokia Corporation (ADR) (NYSE:NOK) stock in last session held volume of 34.94million shares as compare to its average volume of 46.28 million shares. The stock after opening at $3.74 hit high price of $3.75 and then closed at $3.68 by falling -0.27%.

Looking at the revenue measures, the company generated sales of 39.29 billion in last twelve months with income of $-4044.01 million. The Company showed a negative -12.56% in the net profit margin and its operating margin is calculated as -7.63%. Company’s annual sales growth for the past five years was -9.98%.

NOK past twelve months price to sales ratio was 0.36 and price to cash ratio recorded as 1.05. As far as the returns are concern, NOK return on equity recorded as -31.16% while its return on assets stayed at -11.46%.