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
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
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 you build your plan to retire early. 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.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.