Home / Channel / Nokia to perform worse than expected. shares drop.

Nokia to perform worse than expected. shares drop.

Simon April 12, 2012 Channel, Mobile

Making money in the mobile sector today is not easy, especially against fierce Apple and Android competition. Nokia have been struggling for some time now, but they have announced that the smartphone battle will hurt them in first quarter earnings.

To make matters worse they claim that second quarter earnings will be no better. The hardest hit territories are said to be the Middle East, India, China and Africa. Analysts claim that the dominance of Apple and Android handsets are hurting the company badly. To compound matters, there are a plethora of low cost phones being made by Asian companies who are flooding the low end sector.

Nokia have been mentioned in the press for some hardware issues recently and have admitted there is a data connection problem with their Lumia 900, only a few days after the American launch.

Kitguru says: Will they ever be able to recover ?

Become a Patron!

Tags

Check Also

Prince of Persia Lost Crown

Prince of Persia The Lost Crown is coming to iOS and Android next month

Prince of Persia The Lost Crown is getting a surprise port to mobile next month, coming to Android + iOS on the 14th of April.

© Copyright 2025, Kitguru.net All Rights Reserved Standard Terms

We've noticed that you are using an ad blocker.

Thank you for visiting KitGuru. Our news and reviews teams work hard to bring you the latest stories and finest, in-depth analysis.

We want to be as informative as possible – and to help our readers make the best buying decisions. The mechanism we use to run our business and pay some of the best journalists in the world, is advertising.

If you want to support KitGuru, then please add www.kitguru.net to your ad blocking whitelist or disable your adblocking software. It really makes a difference and allows us to continue creating the kind of content you really want to read.

It is important you know that we don’t run pop ups, pop unders, audio ads, code tracking ads or anything else that would interfere with the KitGuru experience. Adblockers can actually block some of our free content, such as galleries!