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  1.    #1  
    May 31, 2011
    Hi all,


    FYI.

    Take care,

    Jay

    Nokia Warns of Weaker Sales, Shares Tumble

    By REUTERS

    http://www.nytimes.com/reuters/2011/...gewanted=print

    HELSINKI (Reuters) - Telephone handset maker Nokia Corp cut its sales outlook on Tuesday, citing weaker-than-expected margins and sales and sending the shares down 6 percent.

    The company said it now expects net sales from its devices and services business in the second quarter to be "substantially below" its previous forecast of 6.1 billion ($8.71 billion) to 6.6 billion euros due to weaker sales and lower average selling prices.

    Nokia, the world's largest phone maker by volume, also said it was no longer appropriate to provide annual targets for 2011.

    (Reporting by Helsinki Newsroom; Editing by Andrew Callus)
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  2.    #2  
    Hi all,

    Here is some followup info. Did Nokia wait too long to dump it's OS for Win? Please use the link to read the balance of the article.

    Take care,

    Jay

    Instant View: Nokia Warns on Q2, Drops FY Targets

    By REUTERS, May 31, 2011, (Reporting by Stockholm and Helsinki newsrooms, Georgina Prodhan in London)

    http://www.nytimes.com/reuters/2011/...gewanted=print

    STOCKHOLM (Reuters) - Nokia, the world's biggest phone maker by volume, warned on Tuesday that sales and margins would fall well below its previous guidance and dropped its full-year outlook, sending its shares down 12 percent.

    Nokia, which has been losing ground in the smartphone market to newcomers Apple Inc and Google Inc, said it expected its non-IFRS operating margin for Devices & Services could be around break-even in the second quarter.

    That compared with previous guidance for a margin in the range of 6 percent to 9 percent in the period.

    Following are analyst and broker comments regarding the news:

    PER LINDSTROM, HEAD OF EQUITY SALES, SWARETZ & PARTNER
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  3. #3  
    Look at the marketshare chart as of March, 2011:

    Android Marketshare Grows; Nokia & BlackBerry Slides Continue

    At that time Nokia was losing about 1% per month. Nokia is now saying things are worse than this.
  4.    #4  
    Quote Originally Posted by milominderbinder View Post
    Look at the marketshare chart as of March, 2011:

    Android Marketshare Grows; Nokia & BlackBerry Slides Continue

    At that time Nokia was losing about 1% per month. Nokia is now saying things are worse than this.
    Yikes,

    take care

    Jay
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  5. #5  
    Precentral is mighty luck to have the "News Hound" and "News Contributor".

    Keep up the good work guys!

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