Get Better Gear!

Premier Sponsors

Other World Computing

TechRestore

Top 5 Free Apps

Release Date: August 05, 2009
Genre: Games
Release Date: May 22, 2009
Genre: Games
Release Date: August 29, 2009
Genre: Games
Release Date: March 27, 2009
Release Date: August 07, 2009

iTunes New Music Releases

Release Date: September 29, 2009
Genre: Rock
Release Date: September 20, 2009
Release Date: September 15, 2009
Release Date: August 25, 2009
Genre: Rock
Release Date: August 25, 2009

Top 5 Paid Apps

Release Date: April 22, 2009
StickWars $0.99
Release Date: March 31, 2009
Genre: Games
Bloons $0.99
Release Date: April 05, 2009
Genre: Games

Discover New Music

  • Whatever People Say I Am, That's What I'm Not

    • 8 out of 10
    • Arctic Monkeys
    • Get on your dancing shoes
      You sexy little swine

      -Arctic

  • Pressure Chief

    • 6 out of 10
    • Cake
    • Pressure Chief, Cake's latest album, didn't immediately grab me. In fact, it took perhaps half a dozen listens before I started truly enjoying it. Any

  • Cocked & Loaded

    • 8 out of 10
    • Revolting Cocks
    • It's hard to believe it's been more than a decade since Ministry founder and front man Al Jourgensen's side project Revolting Cocks released any new material. 2006 brings us Cocked and Loaded

  • The Printz

    • 8 out of 10
    • Bumblebeez 81
    • Part white rap, part alternative, part pop, and part rock, the Bumblebeez grabbed a hold of me with "Pony Ride," and didn't let go.

      This group does a marvelous job of moving seamlessly be

  • The Stooges

    • 8 out of 10
    • The Stooges
    • Another pillar of my musical foundations, The Stooges' first album is one those records whose influence far outweighed its popularity. Like The Velvet Underground & Nico, hordes of people wh

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

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.

Post Your Comments

  Remember Me  Forgot your password?

Not a member? Register now. You can post comments without logging in, but they'll show up as a "guest" post.

Commenting is not available in this section entry.