Saturday, September 6, 2008

Nokia Lowers Forecast for Market Share


The Nokia Corporation, the world's biggest cellphone maker, said
Friday that its third-quarter global market share would decline from
second-quarter levels because of aggressive price cuts by its rivals,
setting off a 10 percent decline in its share price.
The forecast was a change from the outlook the company released in
July, when it said its market share would be about the same in the two
quarters, about 40 percent.

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