Nokia predicts 10% sales drop in 2009

It's the big one. Nokia has published its Q4 results, which saw sales down 19% year-on-year but up 3% on the previous quarter. It sold 113.1 million units, which was down 15% year-on-year and down 4% on Q3, giving it an estimated market share of 37% in Q4 2008 (down from 40% in Q4 2007 and down from 38% in Q3 2008). It says it expects sales in 2009 to be down around 10% from 2008, having previously estimated a 5% drop. [Press release]