Feeds

Nokia warns of handset sales slip

Profit warning

  • alert
  • submit to reddit

Top three mobile application threats

Nokia warned that this quarter's results will be less rosy than it hoped, as a result of lower than expected handset sales.

The company said today that it hadn't kept pace with the booming mobile phone market, blaming the lack of a successful mid-market offering.

Last year Nokia warned that the market was increasingly favoring cheaper models, and has adjusted its product mix accordingly. Although sales of Nokia handsets boomed, up 19 per cent, the market as a whole grew 25 per cent. As a result, earnings will be two per cent lower than previously forecast, at €6.6bn. By contrast, Nokia said its Networks division performed better than expected.

The full earnings will be disclosed in ten days. ®

Related Stories

Siemens' phone biz profits, sales jump
Phone sales drive Nokia Q4 profitability
Motorola beats the Street with profits surge
Nokia held back by falling prices

Combat fraud and increase customer satisfaction

More from The Register

next story
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Record labels sue Pandora over vintage song royalties
Companies want payout on recordings made before 1972
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
Intel sees 'signs of improvement in the PC business' but earnings remain 'Meh...'
Prospects for the future, however, please Wall Street money men
What's a right pain in the ASCII for IBM? Its own leech-like hardware biz
Keep your eyes on our cloud while we remove this pesky thing, say execs
Oracle's Larry Ellison has the MOST MASSIVE PACKAGE IN PUBLIC
Billionaire IT baron earns twice as much as the next in line, Disney chief Bob Iger
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.