Nokia Downgrades 2011 Devices Outlook Amid Competition

摘要

Nokia, the world’s leading vendor of mobile handsets, has announcednsignificant downward revisions to its sales and earnings expectationsnfor Q211 and for FY11 as a whole. Increased pricing and form factorncompetition, particularly in Nokia’s core markets of Europe and China,nare cited as the primary reasons for this poorer than expected performance.nThe market has reacted quickly to this announcement: withinnhours Nokia’s share price fell by as much as 18% to its lowest point inn13 years.