Nokia Says Profit Will Keep Falling as Prices Drop
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Nokia Oyj, the world&#39;s largest mobile- phone maker, said profit may drop for a second straight quarter after reporting a 20 percent decline in third-quarter earnings as it cut prices in a bid to regain market share.
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Mobile phone maker Sony Ericsson is set to report a drop in fourth-quarter earnings on Wednesday as its focus on lower-priced phones puts pressure on margins, analysts say.
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Palm's troubles continued on Thursday as the company posted a profit of $15.4 million for the fourth quarter, a 44 percent drop from its $27.2 million mark one year earlier, despite strong sales of its Treo smartphone.
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Growth at Nokia Corp.&#39;s (NYSE: NOK - message board) Networks division continues to keep company net sales afloat, with the Finnish vendor today predicting healthy times ahead for the cellular infrastructure market.
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Investors will be looking to see if the world&#39;s top mobile phone maker Nokia can sustain momentum at its recovering handset unit into the key Christmas season when it reports earnings next week.
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NEW YORK, December 3  - Nokia Corp (NOK.NYS) continued to regain lost market share in the global handset mobile segment for the second consecutive quarter in 3Q, driven by new models and price cuts, according to a study conducted by the
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European stock markets drifted lower in early trading as profit-taking set in after recent gains, despite a modest rise on Wall Street and well-received results from cellphone giant Vodafone.
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As prices on cell phones continue to fall year after year, Nokia is bulking up its services in an attempt to keep customers loyal and generate new revenue streams for itself.
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Business did not turn out in rosy hues for Nokia Corp in the third quarter as the telecom giant reported a 20-percent drop in operating profit and a small 1-percent increase in net sales.
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Nokia NOK1V.HE, the world's largest  cell phone maker, reported lower third-quarter earnings on  Thursday after cutting prices to claw back market share, but  said sales were strong as it enters the key Christmas season.
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German electronics giant Siemens said on Friday that financial burdens connected with a technical fault in its new mobile phone handsets were likely to reduce earnings in the final quarter of its business year ending in September.
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Competitors say industry leader, Nokia, is still vulnerable to the vagaries of the cellphone business, with its fickle consumers and aggressive challengers.
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The world's top handset maker Nokia  will reveal strong fourth-quarter earnings fueled by bumper  Christmas demand, but sales will have been curbed by the rise  of the euro versus the dollar, analysts said.
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Fourth-quarter profit fell by 9 percent as energy prices declined, but the company still ended up with its third consecutive year of record earnings.
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The world's top cellphone  maker Nokia on Tuesday cut its profit margin forecasts for the  next two years and joined market analysts in forecasting slower  growth for the global mobile phone market in 2007.
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NEW YORK  - AT&T Wireless Services Inc.  said on Tuesday its third-quarter profit declined as customers spent less per month, offsetting a rise in net new customers.
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Analysts at IDC predict annual growth in mobile phone sales will drop below 10 percent this year, casting doubt on Nokia's more upbeat outlook for 2008.