Feeds

Nokia trims expectations again

Palm to cut costs by 20%

Remote control for virtualized desktops

Nokia has cut expectations of the mobile-phone market for the third time in as many months, while Palm is planning to cut costs by 20 per cent following a halving of sales.

Less than a month ago Nokia predicted 330 million phones would ship in the last quarter of 2008, a prediction the company now thinks was optimistic - though this time the Finnish giant is only saying that the final number will be lower. Palm admitted that its sales have halved over the last quarter, blaming "economic uncertainty", though increased competition must also be playing its part.

Nokia's approach to bad news is to explain that the whole industry is slowing down, and we should therfore focus on the Finnish giant's market share rather than the number of phones it's actually shipping. The company reckons it can build up market share in 2009 from the current 38 per cent. So we shouldn't be alarmed, but it's hard not to be concerned when they keep issuing warnings like this.

Nokia also reckons retail outlets will be de-stocking for a while - selling what's on the shelves rather than ordering more stock, which will put more pressure on manufacturers including themselves.

Reducing costs seems to be the order of the day: Nokia is promising to "reduce operational expenditure, and scale back capital expenditure", presumably not including the Hollywood office, while Palm is going to trim the workforce and cut back on European operations to the tune of 20 per cent. ®

Beginner's guide to SSL certificates

More from The Register

next story
Mighty Blighty broadbanders beg: Let us lay cable in BT's, er, ducts
Complain to Ofcom that telco has 'effective monopoly'
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Yahoo! blames! MONSTER! email! OUTAGE! on! CUT! CABLE! bungle!
Weekend woe for BT as telco struggles to restore service
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Driving business with continuous operational intelligence
Introducing an innovative approach offered by ExtraHop for producing continuous operational intelligence.
10 threats to successful enterprise endpoint backup
10 threats to a successful backup including issues with BYOD, slow backups and ineffective security.
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?