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
Get Ready To Retire (Sponsored)
Start by taking a quick retirement quiz from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes, or less.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Get started right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
