Nokia cuts smartphone forecast for Q2 and FY2010

nokia-logo

Last week, Macquarie Group analyst, Phil Cusik, warned that Nokia would have to cut it’s Q2 and FY2010 smartphone forecasts. Today, Mr. Cusik’s warning has become a reality. Bloomberg is reporting that Nokia cut its forecasts due to “a lack of high-end devices and a weaker euro.” Nokia’s stock reacted to the news by dropping 7% to 7.37€. 

Read

blog comments powered by Disqus