Nokia lowers Q3 outlook on tough competition, product slip

2008 has generally treated Espoo pretty well, but every rose has its thorn -- and for Nokia, that thorn might just end up being the third quarter. The company has now revised its Q3 market share estimate downward, now predicting a slip from Q2 rather than the flat line it'd been suggesting before; cited reasons include a "tactical decision to not meet certain aggressive pricing of some competitors," generally fierce competition (particularly on the low end), and the delayed launch of an unnamed midrange handset. In justifying its failure to meet market pricing head-on in every market segment, Nokia says it's only going to play that game where it thinks it's profitable to do so, and for what it's worth, it still expects to ship about 10 percent more devices in 2008 than it did in 2007. What's more, they say they expect to meet the rest of their expected launch dates in '08 -- so it looks like every night has its dawn after all.

[Via mocoNews]

[Pdexter Posted Sep 8th 2008 3:43AM]

Well it's probally better for them to keep high profits than go for the price war in China and India. Funny enough main reason that they are since a long time having to fight again, is Motorola who's new CEO is trying to show that Moto isn't dead by going aggressive price war against others(mainly Nokia with it's dominating position with in China).

"delayed launch of an unnamed midrange handset"

5800XpressMusic(tube)?

[NewL Posted Sep 8th 2008 5:59AM]

Given the product placement in Dark Knight, I guess the 5800 was probably the one planned to be available sooner, yeah...