Uh-Oh: Nokia Lowers Its Q1 Forecast On Pressures In Emerging Markets, Margins On Smartphones

Not great news for Nokia this morning in its ongoing attempt to reverse declines in its sales and market share in the world of mobile phones that it once easily dominated. The company has announced it is lowering its outlook for the first and second quarters of this year, citing lower-than-expected sales in its devices and services segment. In a market statement today, Nokia did not specifically give any numbers on overall revenues but it said that operating margins in the first quarter are expected to be at negative three percent -- down from earlier estimates of being either breakeven or within two percentage points of that; it also said that Q2 margins will be similar to or below Q1 levels. As for the the silver lining, Nokia also noted that it has sold more than 2 million Windows Phone Lumia smartphones and now has over 80,000 apps in the Windows Phone Marketplace app storefront.

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