Nokia lowers Devices & Services Financial Expectations

June 1, 2011 by | Comments

Still bad news for the Finnish giant: Nokia today updated its second quarter and full year 2011 outlook for Devices & Services, admitting that multiple factors are negatively impacting Nokia’s Devices & Services business to a greater extent than previously expected, such as competitive dynamics and market trends across multiple price categories, particularly in China and Europe; a product mix shift towards devices with lower average selling prices and lower gross margins; and pricing tactics by Nokia and certain competitors.

–(Nokia Press Releases)–

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