The mobile handset market is going from bad to worse as Nokia, the world's largest maker of cell phones, said Friday that it's lowering its third-quarter market share outlook due to the weakening global economy.
The Finnish company has dominated the mobile handset market over the past few years. Last quarter, it reported it had grabbed 40 percent of the entire worldwide market. At the time, executives were confident that the company would maintain this level. But now, as the worldwide economy worsens, executives say they expect Nokia's market share to slip slightly in the third quarter. … Read more