TITLE

Nokia Lowers Market Forecast Again

AUTHOR(S)
Medford, Cassimir
PUB. DATE
December 2008
SOURCE
Red Herring;12/4/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the revisions made to the fourth quarter 2008 forecast of mobile phone maker Nokia. It lowered its forecast for the quarter saying the effects of the global recession are more pronounced than it first thought. The Finnish giant said it expects fourth quarter handset volumes to fall below its previous downgraded estimate of 330 million units, which will push its full-year volumes below its previous estimate of 1.24 billion units.
ACCESSION #
36586102

 

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