Nokia Warns Sales but Keeps Profit Goal

Nokia cut it Q3 sales target due to the slow down in wireless infrastructure sales. But they believe they can still meet profit goals due cost cutting and the launch of new high margin handsets. Network infrastructure only accounts for about a third of Nokia’s business, the bulk coming from handset sales. But if infrastructure sales don’t pick up in the long run, especially for WCDMA equipment, the company will have a hard time growing its overall business.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...