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Nokia Announces Profit Warning

jones_supa (887896) writes | more than 2 years ago

0

jones_supa writes "Shares in the Finnish phone maker Nokia plunged by 15% on Tuesday as the company warned that it may make no profit on phone sales in the quarter to the end of June, and that overall phone sales will be "substantially below" its earlier forecast of €6.1bn to €6.6bn. Carolina Milanesi, mobile phones analyst for the research company Gartner, said Tuesday's warnings could mark the low point for Nokia, which has not made a loss in its handset division for more than a decade."
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