Nokia Issues Profit Warning

jones_supa submitted an article in the Guardian. From the article "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."

Comments

Re:Well duh

[the linux geek]

How is the lagging Symbian business, which has been rotting for years, remotely related to Microsoft?

Re:Kicking themselves yet?

[Kjella]

No, this is why they signed a deal with the devil. Everybody has been taking a crack at Nokia lately and they haven't been able to deal a single decent blow in return, iPhone and Android have been eating the aging Symbian for lunch and the Maemo/Meego replacements haven't been ready. They could of course become the latecomer to Android, but so many companies now make good Android phones they'd be sure to disappoint. So they went to bed with Microsoft, the market already then realized it was a mark of desperation sinking their stock price. Now we learn it's actually worse. I figure the layoffs are about to begin and who do you think that will be, the Microsoft Phone developers or the Qt developers?