Nokia Warns on Lowered Sales Estimates
Nokia warned that a “rapid change” in consumer spending over past few weeks has resulted in significantly lowered estimates for mobile device sales for the fourth quarter of 2008 and into 2009, according to RCR Wireless News.
Nokia is currently the number one mobile device manufacturer in the world (although it’s just number four in the U.S.), and currently accounts for about 40 percent of all device sales.
The report said that the warning was fairly mild compared to, say, what Intel and Qualcomm have been saying lately, but analysts were still unsettled by the news.
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