Nokia Tumbles, Warns It Will Lose Share in Q3; Other Handset Stocks Also Lower

September 5, 2008 at 6:15 am PT

Nokia (NOK) this morning warned that it now expects its mobile device market share in the third quarter to be down from the second quarter. The company had previously said it expected its share of the market to be sequentially flat.

Nokia said it continues to target an increase in share for the full year.

The company also said it expects the overall mobile device market this year to be “impacted by the weaker consumer confidence in multiple markets,” although it still expects device volume to grow 10 percent or more from 1.14 billion units last year. Nokia said it still expects industry units to be up sequentially in Q3, but lower than previously expected.

Read the rest of this post

Tagged with: Barrons, consumer confidence, Eric Savitz, frontpage, industry units, market share, mobile device, Nokia, Tech Trader Daily

Must-Reads from other Websites

Why Apple Should Buy China’s Xiaomi

Panos Mourdoukoutas, Contributor, Forbes

What I Didn’t Say

Paul Graham, Founder, ViaWeb

We Need to Talk About TED

Benjamin Bratton, Journalist, The Guardian

I, Glasshole: My Year With Google Glass

Mat Honan, Senior Writer, Wired

All Together Now

Chris Ware, Writer, The New Yorker

The Sculpture on the Moon

Corey S. Powell and Laurie Gwen Shapiro, Contributors, Slate

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.