|
It announced that operating margins in the first quarter were "approximately negative 3 percent" when previously it had expected them "around break-even, ranging either above or below by approximately 2 percentage points." It also said it sold 71 million mobile phones in the quarter -- down from 108 million in 2011
-- with net sales of (EURO)2.3 billion ($3 billion), while smartphone sales halved to 12 million units from a year earlier. Its share price plummeted 14 percent after the warning and has continued to fall
-- to a 15-year low of (EURO)2.98 ($3.88) in Monday afternoon trading in Helsinki. Nokia is due to report first-quarter earnings results on April 19, with some analysts predicting that Samsung has overtaken it in cell phone volumes in the quarter. Last year, it was overtaken in the second quarter in smartphone volumes by its chief rival, Apple, whose iPhones sold more than all Nokia smartphone models combined.
___ Online:
[Associated
Press;
Copyright 2012 The Associated
Press. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
News | Sports | Business | Rural Review | Teaching & Learning | Home and Family | Tourism | Obituaries
Community |
Perspectives
|
Law & Courts |
Leisure Time
|
Spiritual Life |
Health & Fitness |
Teen Scene
Calendar
|
Letters to the Editor