“Nokia Oyj, a year into an alliance with Microsoft Corp.to try to win back market share lost to Apple Inc., cut its profit forecast for the handset division, sending the stock as much as 12 percent lower,” Diana ben-Aaron reports for Bloomberg.
“‘During the first quarter 2012, multiple factors negatively affected Nokia’s devices & services business to a greater extent than previously expected,’ Nokia said, citing competition in smartphones, macro-economic environment and demand for its new products,” ben-Aaron reports.
Read more in the full article here.
MacDailyNews Take: The futility is eclipsed only by the ineptitude.
Hey Eddie Zabitsky – how’s that Nokia/Mister Softie world domination scenario lookin’ for ya’ now?
Balmer needs to go to Nokia-Con-’12 and yell “Developers! Developers! Developers!”
Perhaps that will help?
Heh-heh. Except the auditorium will be pretty empty and those in attendance will be taking notes on their iPads and MBAs. Imagine Ballsy looking out into a field of glowing Apple logos at an MS conference. He’d be reduced to tears, I think.
Don’t they mean ‘lack of demand for its new products’.
Nokia has partnered with Microsoft.
What could possibly go wrong?!
What Indeed!!!
Just in time for Microsoft to step in and buy them at 50¢ a share.
You mean partnering with Microsoft to sell a DOA smartphone platform that nobody wants wasn’t a recipe for success? Well, I never.
We all knew once the light of day struck this unlikely deal with the devil the participants would shiver, whither and die. “Nok, Nok, Nokia-on Hell’s Door…”. So long cheap handset maker.
Moving closer to a Microsoft buyout!
16% down.
Nokia should have gone with Android. They would have been able to playground with the OS just like they did with Symbian.
Limiting themselves to an unreleased and untested OS was just suicide.
They basically gave the game away to Samsung without even a fight.
Microsoft started out as Mr. Brownlow but when Nokia was not looking, turned into the Artful Dodger……
Thought they said the Tsunami hit Indonesia today.
Let me help with that title-
“B” Leaguer Nokia Slashes Forecast…
There!
Nokia should use android or be bought by Microsoft .
For a while there, I kept reading “RIM” instead of “Nokia”. Nothing looked out of place until the article mentioned Microsoft…
Hehehe! I have this mental image of Elop and Heins sitting in a seedy bar together, knocking back shots and moaning about Apple and Android…
If you can’t be good, be-leaguered.