Nokia shares dived over 11% after its first quarter earnings came in well below expectations. While the mobile division had some rare good news to share, the vendor looks likely to continue its tilt toward passive infrastructure, and may give up the ghost entirely on its mobile business. Under the tenure of the new CEO Justin Hotard, Nokia reported a 3% decline in revenues in the first quarter. This was largely due to an impairment charge, which meant that the Nokia Technologies segment was down 51% year-on-year. The Network Infrastructure unit was up 11%, Cloud and Network Services up 8%, and Mobile Networks up 2%. Overall earnings came in 36% below analysts’ expectations. Hotard admitted that US tariffs would cause…