Nokia shares in predicted plunge

Abu Dhabi News.Net
Sunday 7th September, 2008

Nokia has lowered its predicted market share for the third quarter.

Shares for the world's largest mobile phone maker immediately dropped on the Nokia statement.

The Finnish company has blamed problems with the production of its new mid-range phones and aggressive pricing by rivals for the downgrade.

But it remains optimistic it can recover its market share over the year.

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