Feeds

Nokia rings warning bell

20 million handsets down in Q4

Providing a secure and efficient Helpdesk

Nokia has updated its predictions on end-of-year sales, knocking 20 million handsets off its fourth quarter forecast for the industry and promising to get rid of all those expensive external contractors.

The note comes ahead of more detailed plans which will be announced at a meeting on the December 4, but clearly the Finnish giant thought a revised expectation for the industry; of only 330 million handsets sold in the last three months of the year, was worth an early warning.

The statement points out that this is still 20 million more than were sold in the third quarter, but that quarter didn't have Christmas in it - the most significant date in mobile phone sales, at least in the, nominally, Christian world. Nokia had expected the industry to shift around 350 million handsets, and has had to revise their whole-year expectation down to 1.24bn for 2008.

They'll be more cost-cutting come December 4, but the direction it will take is clear from the note. Apparently Nokia will "curtail use of external contractors, consultants and professional services" as well as cutting operating expenses, but no mention of curtailing the Mobile 2.0 spending spree that has seen Nokia buying up likely-looking companies apparently for the fun of it.

At one point it seemed that Nokia's strategic transition into a software-and-services company was a sensible response to the growing threat from eastern manufacturers, but these days it's not easy to discern any strategy coming from Helsinki at all.®

Security for virtualized datacentres

More from The Register

next story
Same old iPad? NO. The new 'soft SIMs' are BIG NEWS
AppleSIM 'ware to allow quick switch of carriers
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Brits: Google, can you scrape 60k pages from web, pleeease
Hey, c'mon Choc Factory, it's our 'right to be forgotten'
Of COURSE Stephen Elop's to blame for Nokia woes, says author
'Google did have some unique propositions for Nokia'
It's even GRIMMER up North after MEGA SKY BROADBAND OUTAGE
By 'eck! Eccles cake production thrown into jeopardy
Mobile coverage on trains really is pants
You thought it was just *insert your provider here*, but now we have numbers
Don't mess with Texas ('cos it's getting Google Fiber and you're not)
A bit late, but company says 1Gbps Austin network almost ready to compete with AT&T
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.