Nokia cuts Q4 outlook

Nokia has posted a warning that handset unit sales are set to be lower than expected in the fourth quarter of 2008, while 2009 is likely to see a drop in unit sales on 2008.
Global Insight telecoms analyst, Seth Wallis-Jones, stated that handset sales, which had been rising inexorably, are expected to drop in 2009 as a number of influences that have already slowed the market combine with the global economic slowdown.
Wallis-Jones commented that Nokia is recognising that economic factors will impact on the business and has highlighted the moves it has already made to limit the impact, while noting that further cost cutting may be implemented.
Cutbacks are hitting the handset industry as consumers faced with economic uncertainty rein in spending and carriers cut demand forecasts, creating an immediate hit in the fourth quarter. The actual impact of the slowdown has yet to be determined in terms of the product mix, with the slew of high end handsets, an area in which Nokia has limited its presence, complete.

The following two tabs change content below.

admin

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Nam dignissim magna vitae dui posuere eu feugiat augue eleifend. Fusce sed tincidunt quam. Donec varius aliquam metus ut semper. Donec augue purus, feugiat interdum malesuada vel, aliquet quis massa. Nulla facilisi. Nam vel ante quam, et tincidunt dui. Maecenas venenatis libero eu nulla tincidunt et accumsan velit sodales. Nam congue mauris et felis porttitor blandit. Nam eget tempor massa. Nullam suscipit gravida eros, ac suscipit magna feugiat sit amet.

Latest posts by admin (see all)