Profits Sinking in Helsinki
Nokia Says Profit Drops 69%
http://money.cnn.com/news/newsfeeds/...9_FORTUNE5.htm
"In recent weeks, the macroeconomic environment has deteriorated rapidly, with even weaker consumer confidence, unprecedented currency volatility and credit tightness continuing to impact the mobile communications industry," said Nokia Chief Executive Olli-Pekka Kallasvuo.
Fin.
C.
http://money.cnn.com/news/newsfeeds/...9_FORTUNE5.htm
"In recent weeks, the macroeconomic environment has deteriorated rapidly, with even weaker consumer confidence, unprecedented currency volatility and credit tightness continuing to impact the mobile communications industry," said Nokia Chief Executive Olli-Pekka Kallasvuo.
Fin.
C.
Comments
Nokia Says Profit Drops 69%
http://money.cnn.com/news/newsfeeds/...9_FORTUNE5.htm
"In recent weeks, the macroeconomic environment has deteriorated rapidly, with even weaker consumer confidence, unprecedented currency volatility and credit tightness continuing to impact the mobile communications industry," said Nokia Chief Executive Olli-Pekka Kallasvuo.
Fin.
C.
gee i guess that same market doesn't include apple....better products, through innovation and customer focus. selling a bunch of also ran units doesn't help the bottom line. junking up phones with features that has confusing menu trees offers customer's nothing.
I think Nokia are just making excuses.
btw LG just overtook Motorola with 100 million handset sales in 2008, to become number three.
They launched the N96 to market - and then, just a few weeks later, pre-announced the N97. Talk about shooting yourself in the foot.
C.