Monday, July 12, 2004

Bloomberg.com: Europe: Nokia's Mobile-Phone Sales, Profit Lag as Ollila Cuts Products

Bloomberg.com: Europe: Nokia's Mobile-Phone Sales, Profit Lag as Ollila Cuts Products "Nokia Oyj, the world's largest mobile- phone maker, may report sales dropped for a fourth quarter and profit barely budged as its market share falls to the lowest level since 1999.
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Nokia's market share fell to 29 percent in the first quarter, the lowest in five years, from 35 percent a year earlier, according to researcher Gartner Inc. Nokia estimates its market share fell to 32 percent in the first quarter.
The Finnish company's five main competitors all increased their market share in the quarter on higher sales of so-called clamshell phones with color screens and cameras."
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