Friday, 5 September 2008

Nokia says third quarter of 2008 will be worse than expected

Nokia has revised its forecast for mobile sales this year. It says its market share in the third quarter of 2008 is expected to be lower than in the second quarter of 2008, although it had previously expected sales for the two quarters to be similar. It still aims to increase its market share for 2008. It says there are a number of reasons for the drop, including:
  • Nokia's decision to not meet the aggressive pricing of some competitors,
  • overall market competition,
  • the temporary impact of a slower ramp-up of a mid-range Nokia device.

That last one's open to interpretation in a number of ways, isn't it? [Press release]

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