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Friday, July 17, 2009

Nokia cuts profit

Nokia, the worlds top cellphone maker cut its profitability and market share forecast due to tough competition. The second half underlying operating profit margin at its key phine unit at the first half level of 11.3% compared with analysts consensus expectation of 17.4 % in a Reuters..
Nokia also cut its forecast for 2009 market share at its phone business, seeing it now on a par with last year, compared with an earlier forecast a rise.
- Reuters

-- Even Nokia a leaders on cellphone market also cut profit coz an economy down.. Not just economy down. They also must compete with new technology such as Blackberry and Iphone..--- Do you think this post is informative??Share this:
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