PDAStreet: News: Nokia Misses Forecasts, Sees Weaker 2009

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PDAStreet.com > News > Nokia Misses Forecasts, Sees Weaker 2009

Nokia Misses Forecasts, Sees Weaker 2009

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January 23, 2009

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HELSINKI -- Top cell phone maker Nokia reported a worse-than-expected dive in fourth-quarter profit, and warned market volumes would shrink 10 percent this year as the economic slowdown hits consumer spending.

Analysts had forecast an 8-percent fall in the handset market in 2009, and only last month Nokia's own view was that it would dip 5 percent.

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