Pakistanis angry over detentions in Times Sq. case Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They
AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e
BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German
Minister seeks closure of anti-Berlusconi websites Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who
By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Home
Business
Business Home
Economy
Davos 2012
Technology
Media
Small Business
Legal
Deals
Earnings
Summits
Business Video
The Freeland File
Markets
Markets Home
U.S. Markets
European Markets
Asian Markets
Global Market Data
Indices
M&A
Stocks
Bonds
Currencies
Commodities
Futures
Funds
peHUB
World
World Home
U.S.
Brazil
China
Euro Zone
Japan
Mexico
Russia
India Insight
World Video
Reuters Investigates
Decoder
Politics
Politics Home
Election 2012
Issues 2012
Candidates 2012
Tales from the Trail
Political Punchlines
Supreme Court
Politics Video
Tech
Technology Home
MediaFile
Science
Tech Video
Tech Tonic
Opinion
Opinion Home
Chrystia Freeland
John Lloyd
Felix Salmon
Jack Shafer
David Rohde
Bernd Debusmann
Nader Mousavizadeh
Lucy P. Marcus
David Cay Johnston
Bethany McLean
Edward Hadas
Hugo Dixon
Ian Bremmer
Mohamed El-Erian
Lawrence Summers
Susan Glasser
The Great Debate
Steven Brill
Geraldine Fabrikant
Breakingviews
Equities
Credit
Private Equity
M&A
Macro & Markets
Politics
Breakingviews Video
Money
Money Home
Tax Break
Global Investing
MuniLand
Unstructured Finance
Linda Stern
Mark Miller
John Wasik
James Saft
Analyst Research
Alerts
Watchlist
Portfolio
Stock Screener
Fund Screener
Personal Finance Video
Money Clip
Life
Health
Sports
Arts
Faithworld
Business Traveler
Entertainment
Oddly Enough
Lifestyle Video
Pictures
Pictures Home
Reuters Photographers
Full Focus
Video
Reuters TV
Reuters News
Article
Comments (0)
Follow Reuters
Facebook
Twitter
RSS
YouTube
Read
Sun hurls strong geomagnetic storm toward Earth
23 Jan 2012
Gaddafi supporters seize control of Libyan town
23 Jan 2012
Wife of Italian ship captain furious: report
9:03am EST
Abortion safer than giving birth: study
23 Jan 2012
Iran says sanctions to fail, repeats Hormuz threat
|
9:58am EST
Discussed
310
Subculture of Americans prepares for civilization’s collapse
119
Supreme Court rejects judge-drawn Texas election maps
116
Obama set to reject Keystone oil pipeline: sources
Watched
Angelina Jolie fascinated by "bizarre" Republican presidential race
Sun, Jan 22 2012
"Smart E-book" turns the page on reading technology
Sun, Jan 22 2012
A dangerous walk to school
Fri, Jan 20 2012
Chipmakers' forecasts prompt fears of Nokia slump
Tweet
Share this
Email
Print
Related News
TI says chip demand is improving; to close 2 factories
Mon, Jan 23 2012
Sony Ericsson loss heralds tough start for sole owner
Thu, Jan 19 2012
Cellphone makers can expect poor reception in 2012
Wed, Jan 18 2012
ZTE sees China, U.S. key smartphone markets
Tue, Jan 17 2012
Samsung confident of outselling Nokia in 2012
Tue, Jan 10 2012
Analysis & Opinion
The frugal revolution
Tech wrap: Apple reveals child labor at some suppliers
Related Topics
Tech »
Hot Stocks »
Asian Markets »
Media »
The Nokia Research and Development Centre is seen in Helsinki April 11, 2008.
Credit: Reuters/Bob Strong
By Tarmo Virki
HELSINKI |
Tue Jan 24, 2012 6:05am EST
HELSINKI (Reuters) - Weak quarterly reports from Nokia's chipset suppliers prompted fears of a sales slump in the Finnish company's older smartphones, sending its shares 8 percent lower on Tuesday.
While Nokia dumped its old Symbian smartphone platform in February 2011 in favor of Microsoft's Windows Phone, Symbian was expected to account for a vast majority of its smartphone sales for a while longer.
Overnight, Nokia suppliers Texas Instruments, ST-Micro and ST-Ericsson forecast weakness in their wireless business for the current quarter.
"All three have been key suppliers for legacy Nokia phones and none of them had anything good to say. Especially Texas Instruments' guidance for its Q1 baseband business was alarming," said Nordea analyst Sami Sarkamies.
Texas Instruments forecast revenue from its baseband telecommunications business, whose main customer is Nokia, would fall to about $75 million this quarter from $279 million in the fourth quarter.
ST-Ericsson, a key Symbian supplier, posted a deeper fourth-quarter net loss and predicted a significant slowdown in sales during early 2012.
Danske downgraded its recommendation for Nokia shares on Tuesday to "sell," citing expectations of a sales decline in legacy phones.
"We believe a sudden decline in Symbian sales, which started in Q4, will result in a significant fall in unit shipments and operating losses in Q4 2011 and 2012," Danske analysts said in a note.
On average, analysts expect Nokia to report on Jan 26 fourth-quarter earnings per share of 0.04 euros, an 82 percent fall from a year ago, according to a Reuters poll.
Analysts expect Nokia to predict a slowdown in the overall cellphone market as a weaker global economy discourages consumers from replacing older handsets.
"We also expect Nokia to show a soft performance in a lackluster global low end market. We do not expect Nokia's handset business to recover from these issues until 2013," Danske said.
(Additional reporting By Teis Jensen in Copenhagen)
Tech
Hot Stocks
Asian Markets
Media
Related Quotes and News
Company
Price
Related News
Tweet this
Link this
Share this
Digg this
Email
Reprints
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (0)
Be the first to comment on reuters.com.
Add yours using the box above.
Edition:
U.S.
Africa
Arabic
Argentina
Brazil
Canada
China
France
Germany
India
Italy
Japan
Latin America
Mexico
Russia
Spain
United Kingdom
Back to top
Reuters.com
Business
Markets
World
Politics
Technology
Opinion
Money
Pictures
Videos
Site Index
Legal
Bankruptcy Law
California Legal
New York Legal
Securities Law
Support & Contact
Support
Corrections
Advertise With Us
Connect with Reuters
Twitter
Facebook
LinkedIn
RSS
Podcast
Newsletters
Mobile
About
Privacy Policy
Terms of Use
Our Flagship financial information platform incorporating Reuters Insider
An ultra-low latency infrastructure for electronic trading and data distribution
A connected approach to governance, risk and compliance
Our next generation legal research platform
Our global tax workstation
Thomsonreuters.com
About Thomson Reuters
Investor Relations
Careers
Contact Us
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.