Support Our Site
Get Better Gear!
- Kensington Windshield/Vent Car Mount with Sound Amplified Cradle for iPhone from Kensington, $39.99
- SigFx Energy iPhone Case Contains Smart Battery from SigFx Energy, US$69.95
- NAVIGON AG - True GPS Software for the iPhone from NAVIGON Inc., 89.99
- Tweetie 2 from atebits, $2.99
- Snood: Flawed Casual Play from Electronic Arts, US$3.99
Premier Sponsors
Top 5 Free Apps
iTunes New Music Releases
Top 5 Paid Apps
Discover New Music
- Prefuse 73
- It's an album about a breakup, done with beats instead of mopey lyrics. But the beats are raw, and the emotions are there, even if there aren't many words on top of it. While possibly not Scott Herren
- Beck
Beck is the modern master of the groove, and Guero is merely the latest example of this. From the opening power chords of "E-Pro," to the Pac-Man cuteness of "Girl," to the dirge-like lullab
- Depeche Mode
Oddly enough, Playing The Angel is a return to form for Depeche Mode, even though it may well be argued that they never truly deviated from their roots in their more recent offerings. In the
- Brian Eno
- In his first proper solo release since 1996's relatively cold "The Drop," Brian Eno has constructed a whimsical and ecclectic masterpiece which is arguably one of the year's strongest records thus fa
- Harvey Danger
The sophomore effort from Harvey Danger, I was really looking forward to this followup to "Where Have All the Merrymakers Gone?" Unfortunately, "King James Version" failed to deliver any of the bri
Reader Specials
Visit Deals On The Web for the best deals on all consumer electronics, iPods, and more!
News
Nokia Warns of Weaker Q3, Global Economy and iPhone are Factors
Thursday, September 4th, 2008 at 4:00 PM - by .(JavaScript must be enabled to view this email address)
Nokia is citing stiff competition, sluggish growth due to the global economy and a production glitch as contributors to a weaker third quarter. The company also announced that it would lose market share, and the news sent Nokia’s stock tumbling 9 percent lower.
The company pointed to aggressive price cuts by some of its low end rivals and a global economy that could force some customers to scale back plans for new purchases. The problem could last well into 2009, according to analysts in a MarketWatch story on Friday.
Nokia didn’t say how much market share they expect to lose, but suggested it would be small. Matthew Hoffman of Cowen & Co, reduced his projection from 129 million to 120 million unit shipments for Q3 and said: "We believe aggressive pricing from [companies] such as Samsung and share loss to Apple are behind new guidance for share loss," he wrote in a note to investors.
Nokia doesn’t believe that any one source is to blame, competition and markets, and reiterated that the market share loss isn’t large.
Other mobile phone manufacturers are also experiencing sluggish sales in Asia thanks good to economic conditions in China. Nokia and Motorola are losing market share there due to domestic manufacturers ZTE and Huawei flooding the market with cheap phones.
Apple, which focuses on the high end smartphone market, has still not landed a deal with China Mobile. If it does, the company is not likely to be affected by the macroeconomic conditions and cheap phone markets as Nokia has.
Recent Headlines
- Apple TV 3.0.1 Update Fixes Missing Content Bug
- Taiwan Leak Shows Verizon UTMS/CDMA iPhone for Q3 2010
- iPhone Moves Into RadioShack
- Dictionary, Dictionary, Dictionary, And More
- The Latest App Store Games: Gravity Sling, RocketBird, Ground Effect, Checkers!
- iPhone Game Developer Sued for Collecting User’s Cell Numbers
- Apple May Be Bringing RFID to the iPhone
Post Your Comments