Feeds

Nokia trims expectations again

Palm to cut costs by 20%

High performance access to file storage

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. ®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Mainstay ROI - Does application security pay?
In this whitepaper learn how you and your enterprise might benefit from better software security.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
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.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.