Business Anywhere Blog

Mobilizing the Business and Business of Mobile

Nokia warns of falling markets in coming quarters

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Nokia, like Intel and Qualcomm before it, today announced that it was cutting its estimate for 2008 from 1.26 billion handsets sold to 1.24 billion handsets. In Q4 2008, Nokia anticipates it will sell 330 million handsets, well below the analysts estimate of 346 million. It also warned that 2009 is going to be lower than what it had estimated earlier.

As I have been saying for a while now, the economy is hurting a lot of sectors, including mobile. It remains to be seen which companies survive this downturn.

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Written by dvdand

November 14, 2008 at 7:36 am

Posted in Handsets, Market data, Nokia

Tagged with , ,

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