Nokia giving away phones at cost

Posted by bob on Jul 20, 2011 5:48 PM EDT
The Register
Mail this story
Print this story

With margins so thin you need a microscope to see them, Nokia's financial results for the second quarter of 2011 are due tomorrow, and the company has already warned investors of very bad news coming. Yesterday, it issued a peek into just how tough things have got in 2011. Nokia said its smartphone profit margins were down to 6.2 per cent in Q1 2011, with margins of 16.4 per cent on basic phones.…

Full Story

» Read more about: Story Type: News Story

« Return to the newswire homepage

Subject Topic Starter Replies Views Last Post
Throw in the towel Grishnakh 2 1,105 Jul 22, 2011 9:24 AM

You cannot post until you login.