Nokia Lowers Market Forecast Again

Medford, Cassimir
December 2008
Red Herring;12/4/2008, p1
Trade Publication
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.


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