Nokia gives Q2 profit warning

(AP) -- Nokia Corp. says its performance this year will be worse than earlier expected because of tough competition, especially in the smart phone market.

The world's largest mobile phone maker says its second-quarter result will be "at the lower end of, or slightly below, its previously expected range of euro6.7 billion to euro7.2 billion ($8.2 billion to 8.8 billion)."

Nokia says it continues to expect flat volume growth for the full year while overall market growth was expected to be 10 percent on 2009. It said Wednesday that it now expects the value of its own handset to be "slightly lower in 2010, compared to 2009."

is due to publish its second-quarter earning report on July 22.


Explore further

Nokia revises 2009 market share down to 34 pct

©2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Citation: Nokia gives Q2 profit warning (2010, June 16) retrieved 19 September 2021 from https://phys.org/news/2010-06-nokia-q2-profit.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
0 shares

Feedback to editors