Nokia’s (NYSE: NOK) margins must be under pressure. In its latest earnings report its said that its forecast the global handset market was intact. It also said it market share would rise to 33% from its previously forecast 32%.
But, the world’s largest handset company missed Wall St.’s forecasts.
Nokia’s reported net profit of €349 million for the three months to March 31, up from €122 million a year earlier but below analysts’ expectations for €370 million. But with its improve market share, that net should probably been higher. The means it is likely losing its position in the high end of the market where it competes with LG, Samsung, Apple, and RIM.
Douglas A.McIntyre
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