Nokia lowers forecast for 2008 and 2009

The company Nokia announced a change of the expected outcomes of the fourth quarter of 2008, and made a preliminary forecast for 2009. According to Nokia, its business, like many others, has been spared the negative impact of world economic crisis. Therefore, it is anticipated that the results of the fourth quarter of this year will be below expectations. For example, shipments of mobile devices, Nokia in the fourth quarter of 2008 is expected to 330 million, in comparison, in the third quarter was sold 310 million machines. For the full year 2008 volume shipments of mobile phones should reach 1.24 billion (1.26 billion previously forecast), in 2007 the figure was 1.14 billion. Also, Nokia said that its market share in the fourth quarter of this year will remain at about the same level as in the third quarter. But at the level of unit sales Devices & Services, perhaps, the crisis will affect not the best way.

With regard to the preliminary forecast for 2009 is due to the recession of the economy, sales of mobile devices, Nokia will be lower than in 2008. The volume of shipments of components of mobile and fixed infrastructure, Nokia Siemens Networks also declined. The company Nokia will hold a conference, which will announce its expectations for 2009 on Dec. 4 in New York. A detailed account of the 4 quarters and the whole of 2008 the company plans to provide 22 Jan, 2009.