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Nokia (NYSE:NOK) is facing a mountain of troubles, including reversing the precipitous drop in the company's net income since the start of 2007.

As you can see below, Nokia's net income reached a high of $3.8 billion in Q2 2007. In Q2 2010, it was just $278 million.

We've added other phone companies for comparison. As you can see, Motorola (MOT had a rough go of it for a while. Research in Motion (RIMM) has been climbing.

We've added Apple (NASDAQ:AAPL), too. It's not a fair comparison since Apple sells many gadgets, but Apple is a big part of the reason Nokia is dying.

chart of the day, income for apple, nokia, motorola, rim, 2007-2010

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Source: Nokia's Falling Profits