Nokia cuts market share targets as Q2 profits plummet
Filed under: Nokia
Ok Nokia, this is getting serious. The world’s largest cellphone maker just announced a 66 percent yearly drop in Q2 profit while lowering its 2009 market share target for its cellphones. Originally, Nokia had expected market share to rise in 2009, presumably based on a successful launch of the N97 flagship device. However, outside of a core group of S60 diehards, the N97 has been universally panned in both reviews and user forums alike. And with nothing but rumors of an Atom-based Nokia netbook on the immediate horizon, well, let’s just say that we’re suddenly concerned about the health of our friends from Espoo.
Nokia cuts market share targets as Q2 profits plummet originally appeared on Engadget Mobile on Thu, 16 Jul 2009 06:53:00 EST. Please see our terms for use of feeds.
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