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Not connecting people: Nokia close to losing mobile phone crown to Apple after ...Daily Mail - Oliver Pickup - 1 Jun, 2011Nokia, the biggest technology company in Europe whose slogan is 'connecting people', has suffered a 17.5% slump in shares, signalling a 13-year low - and is close to losing its crown as they world's largest mobile phone retailer. ... |
Nokia shares extend fall, analysts slash targetsReuters Africa - 1 Jun, 2011HELSINKI, June 1 (Reuters) - Investors offloaded shares in Nokia (NOK1V.HE: Quote) again on Wednesday, as analysts slashed price targets for the mobile phone maker after its profit warning and questioned whether it could ever recapture lost market ... |
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Nokia shares collapse after profit warningZDNet UK (blog) - David Meyer - 1 Jun, 2011Nokia's share price has lost a quarter of its value since the company said on Tuesday that it was cancelling its outlook for 2011, and expected to just break even in the second quarter of the year. ... |
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Nokia shares extend fall, analysts slash targetsReuters India - Ina Fassbender - 1 Jun, 2011HELSINKI (Reuters) - Investors sold shares in Nokia again on Wednesday, as analysts slashed their price targets after the mobile phone maker's warning and questioned whether it could ever recapture its lost market share. Nokia shares fell 7.3 percent ... |
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Nokia shares extend fall, analysts slash targetsReuters - 1 Jun, 2011HELSINKI, June 1 (Reuters) - Investors sold shares in Nokia (NOK1V.HE) again on Wednesday, as analysts slashed their price targets after the mobile phone maker's warning and questioned whether it could ever recapture its lost market share. ... |
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Nokia: Bernstein Turns Bearish; Sees Huge Downside From HereForbes (blog) - Eric Savitz - 1 Jun, 2011Tuesday was a seriously rotten day for Nokia holders, one in a series of rotten days for a company that once dominated the mobile phone business. After the company warned that Q2 results would come up well short of expectations, ... |
Nokia 'would have been better off with Android'Telegraph.co.uk - Matt Warman - 1 Jun, 2011As Nokia issues a profits warning, critics have claimed that the company could have turned itself around faster by choosing Android over Microsoft. By Matt Warman, Consumer Technology Editor Nokia yesterday issued a profits warning that sent its share ... |
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Nokia's stock plunges to lowest price in 13 yearsSan Francisco Chronicle - Kati Pohjanpalo - 1 Jun, 2011CEO Stephen Elop determined that Nokia's systems couldn't keep up with Apple and Google platforms. Nokia slumped to the lowest price in 13 years in Helsinki trading after cutting its forecasts for the devices and services division on lower prices and ... |
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Nokia CEO-Paying To Be Microsoft's FutureForbes (blog) - Quentin Hardy - 1 Jun, 2011Nokia looks like a mess, with thousands of layoffs and a 40% drop in the stock price so far this year, the latest insult today's slashed forecast for second-quarter earnings. That has to be harrowing for chief executive Stephen Elop ... |
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Nokia's Second Quarter Warning Shows Symbian Line Declining at an Accelerating ...Toronto Star - Joseph Beaulieu - 1 Jun, 2011We are cutting our fair value estimate for Nokia NOK to $13 from $15 after the company announced early Tuesday that second-quarter revenues and margins would come in well below management's guidance, and that the company ... |
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Nokia scorched as sales slump in second quarterThe Independent - Nick Clark - 1 Jun, 2011The flames are licking higher around Nokia after the struggling mobile phone giant was forced to warn on profits yesterday, blaming falling phone sales and lower prices. The Finnish company released a statement revealing that "multiple ... |
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Nokia Warns of Unexpectedly Low Phone DemandPC Magazine - Mark Hachman - 1 Jun, 2011Nokia said Tuesday that net sales for its devices were expected to be "substantially" below its earlier estimates, possibly indicating waning interest in the company's phones. Nokia said that it now expects net sales from its Devices ... |
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Nokia warns of weaker sales, shares plummetGlobe and Mail - Eric Reguly - 1 Jun, 2011Nokia's Canadian chief executive officer delivered a profit warning on Tuesday that showed the Finnish company's products are being squeezed at both the high- and low-ends of the price spectrum. The warning sent the shares down more than 14 per cent on ... |
Nokia tumbles on profit warningThe Australian - Arild Moen - 1 Jun, 2011Nokia chief executive Stephen Elop. Picture: AP Source: AP NOKIA has warned that it might not book a profit in its core business this quarter, as the world's largest mobile-phone maker comes under intense pressure at both the high and low ends of its ... |
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BREAKINGVIEWS - Nokia's new warning spells double troubleReuters India - Robert Cole, Chris Hughes - 1 Jun, 2011An employee shows a Nokia E7 model phone to a customer at a Nokia show room in Colombo May 23, 2011. -- The author is a Reuters Breakingviews columnist. The opinions expressed are his own -- By Robert Cole LONDON (Reuters Breakingviews) - Nokia's new ... |
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Apple, Google: ISI Sees Stronger Q2 On Nokia ErosionBarron's (blog) - Tiernan Ray - 1 Jun, 2011ISI Group's Abhey Lamba this afternoon writes that Apple's (AAPL) iPhone, as well as the constellation of Google (GOOG) “Android” -powered smartphones, should both see stronger Q2 results as Nokia's (NOK) phone business suffers. ... |
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Nokia: Worse Before It Gets Better?Barron's (blog) - Tiernan Ray - 1 Jun, 2011More commentary is coming in as regards Nokia's (NOK) cut in its outlook this morning, with bears warning that things will get worse before they get better. It's not just the continued deterioration of the Symbian-based phones, ... |
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Nokia's Elop: Android is killing us in China, EuropeZDNet (blog) - Larry Dignan - 1 Jun, 2011Nokia's biggest profit margin killing headaches appear to be Android, China and Europe and the company is getting hit by smartphone and feature phone pricing and volume. Larry Dignan is Editor in Chief of ... |
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Nokia's Uphill BattleWall Street Journal - Hester Plumridge - 1 Jun, 2011Stephen Elop knew he had taken on a tough job. But eight months after taking the helm at Nokia, the true scale of his challenge is becoming clear. Shares in the Finnish telecom-equipment company slumped 18% Tuesday in Helsinki after ... |
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Nokia Expects To Ship Windows Phones In Q4InformationWeek - Paul McDougall - 1 Jun, 2011I don't understand why people are so surprised with the sales decline, since that is very obvious when changing technology. When Nokia announced their alliance with Microsoft I saw it as very smart move. ... |
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Nokia Worth $9 With New Guidance, $12 If Turnaround SucceedsForbes (blog) - 1 Jun, 2011Nokia announced today that the company's 2011 quarterly sales and margin targets in the mobile phone business are no longer valid. Nokia attributed this revised forecast to a mix of competitive pressures impacting margins and market share as well as ... |
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First Nokia Windows Phone coming in fourth quarterThe Seattle Times - Sharon Pian Chan - 1 Jun, 2011Nokia CEO Stephen Elop, formerly a Microsoft exec, and Microsoft CEO Steve Ballmer announce Nokia will carry the Windows Phone 7 as its smartphone platform on February 11, 2011. The first Nokia phones running Windows Phone software will start selling ... |
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Nokia: Time to Bottom-Fish?Barron's - Teresa Rivas - 1 Jun, 2011A sharply reduced forecast sends shares of the world's largest mobile phone maker tumbling to a 52-week low. Nokia's dismal sales outlook isn't getting a good reception from investors. ... |
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Nokia slashes sales forecast; stock takes tumbleCNET - Lance Whitney - 1 Jun, 2011Nokia today cut back on its sales forecasts for the second quarter, sending its stock into a nosedive. The Finnish mobile phone maker is now looking at sales for its Devices & Services division to be "substantially" below its previous ... |
Nokia Lowers Second-Quarter Forecast and Abandons 2011 Profit GoalsNew York Times - David Jolly - 1 Jun, 2011Nokia, the cellphone giant battling to maintain its position in the face of competition from the iPhone and Android, said Tuesday that it was abandoning its 2011 profit targets after an unexpectedly poor second-quarter showing. ... |
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Nokia shares take 'icy plunge' after profit warningTelegraph.co.uk - Josephine Moulds - 1 Jun, 2011Nokia shares crashed 22pc after the world's largest mobile phone company said it might not make a profit in its core business this quarter, slashed revenue forecasts, and scrapped all targets for 2011. Stephen Elop, chief executive, said earlier this ... |
Nokia: Analysts Get Grouchier After Outlook is SlashedWall Street Journal (blog) - 1 Jun, 2011By Dave Kansas The company “substantially” reduced its Q2 revenue outlook earlier today. The company is getting crushed by cheap Google Android-driven phones in key, lower-end markets such as China and skepticism is rising about how much its ... |
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Nokia drops targets, shares slump to 13-year lowReuters Africa - Ritsuko Ando - 1 Jun, 2011HELSINKI, May 31 (Reuters) - Mobile phone maker Nokia Oyj (NOK1V.HE: Quote) abandoned hope of meeting key targets just weeks after setting them, raising questions over whether its new boss can deliver on the turnaround he promised in ... |
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Nokia shares dive after sales warningThe Guardian - 1 Jun, 2011Nokia is to switch from the Symbian OS to Microsoft's Windows Phone software as part of its recovery plan. Photograph: Luke MacGregor/Reuters Shares in the Finnish phone maker Nokia plunged by 15% on Tuesday as the company warned that it may make no ... |
Nokia Slumps to Lowest in 13 Years After Cutting ForecastsBloomberg - Kati Pohjanpalo - 1 Jun, 2011May 31 (Bloomberg) -- Mark McKechnie, an analyst at ThinkEquity LLC, talks about the outlook for Nokia Oyj and telecommunications industry stocks. He speaks with Carol Massar, Matt Miller and Julie ... |
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