Rants And Ramblings About Mobile Technology
Anders Borg writing about the fun and crazy world of mobile and Internet service technologies.
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Thursday, July 21, 2005
Glum outlook for Nokia
Both the expected earnings per share and Nokia's competitive outlook seem worse than hoped.
Not only would the third quarter show a decline in earnings per share compared with the second, he predicted, but cut-throat competition in the mobile phone market and a flood of cheap models would also limit what Nokia could charge consumers for its phones for the rest of 2005.
Ollila said the world's mobile device market would reach 760 million units, up from 643, but most of the growth would be driven by developing countries, where cheaper, less profitable, mobile phones are the norm.
World leader Nokia dampens mobile phone euphoria with glum outlook - Yahoo! News
Not only would the third quarter show a decline in earnings per share compared with the second, he predicted, but cut-throat competition in the mobile phone market and a flood of cheap models would also limit what Nokia could charge consumers for its phones for the rest of 2005.
Ollila said the world's mobile device market would reach 760 million units, up from 643, but most of the growth would be driven by developing countries, where cheaper, less profitable, mobile phones are the norm.
World leader Nokia dampens mobile phone euphoria with glum outlook - Yahoo! News
