As much success as Nokia has had — and still has — in emerging markets, it wouldn’t be a stretch to assume the Finnish company’s lineup is already jam-packed full of durable handsets.

Finnish telecommunications company Nokia announced on Tuesday that it is withdrawing from the Russian market due to the war with Ukraine and the sanctions imposed by the European Union (EU).

Nokia (NOK) on Thursday posted its sixth consecutive quarterly loss — and fourth consecutive quarterly loss of more than $1 billion. The struggling smartphone vendor’s losses widened to $1.27 ...