Nokia (NOK) can’t keep up with the falling demand for cellular handsets. It cuts its forecasts for Q4 and 2009 again. That is probably not good new for Motorola (MOT), Samsung, RIM (RIMM), or even Apple (AAPL) iPhone sales.
According to Bloomberg, "Industry sales for this quarter will be lower than the 330 million units it had predicted last month, the Espoo, Finland- based company."
"The company also said it could no longer confirm its earlier prediction of having 38 percent global market share or higher in the quarter."
"In 2009, industry sales will fall by 5 percent or more, marking the first decline since 2001."
Douglas A. McIntyre
Sponsored: Attention Savvy Investors: Speak to 3 Financial Experts – FREE
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply
clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
