Nokia cuts mobile phone sales forecast-again

Finnish mobile giant Nokia has cut its forecast for mobile phone sales in the current quarter for the third time in less than three months. Within the last month Nokia predicted 330 million mobile phones would be shipped in the last quarter of 2008, a figure the company now feels was optimistic. Nokia would not be drawn into a precise forecast of sales saying only the final number would be lower, presumably meaning lower than 330 million. The company says the entire industry is slowing down and analysts should focus on Nokia's market share rather than actual units sold. Nokia thinks it can increase its market share in 2009 from its present level of 38 per cent. It is also promising reduced capital and operational expenditures.

For more:
- go to The Register

Related articles:
Economic problems impact mobile phone market
Financial crisis hits mobile phone market as Q3 shipment growth dips

Suggested Articles

Wireless operators can provide 5G services with spectrum bands both above and below 6 GHz—but that doesn't mean that all countries will let them.

Here are the stories we’re tracking today.

The 5G Mobile Network Architecture research project will implement two 5G use cases in real-world test beds.