According to reports, Nokia is scheduled to lay off another 360 jobs in its Internet Services unit as it continues to fold operations into Ovi Store. Nokia is set to compete with Apple’s App Store, and as of now, Nokia’s market is becoming larger than Apple’s. While Nokia has already tap 50 million customers who use Nokia devices, Apple has only sold 20 million of its iPhone and iPod Touch devices. However, Nokia announced a decrease of 90% in its net profit for this month. This is basically the reason why the company is cutting annual costs at its handset unit alone by more than 700 million euros (US$911 million).