Nokia cuts sales outlook due to market forces
Nokia expects market conditions to impact its annual and second-quarter financial results, forcing the company to trim its sales outlook.
The handset maker said Wednesday it now anticipates second-quarter sales for its mobile devices and services division will be at the lower end of, or slightly below, its previous forecast of 6.7 billion euros to 7.2 billion euros ($8.2 billion to $8.8 billion). Samsung attributed the revised forecast to lower-than-expected average selling prices and volumes for its mobile phones.
Operating margins for the second quarter will also be at the low end of, or below, the … Read more
