Technology Industry
Industry: Email Alert RSS FeedGlobal growth begins to slow.
RCR Wireless News, June, 2001 by OMATSEYE, SAM
As the thermometer of the phone sales market, Nokia Corp.'s situation indicates the market is cooling. Yet, market research group Wit SoundView believes while this may be true of the market in general, the Finnish company may have only pulled a muscle. its strides bound forward still.
The leading phone maker warned a couple of weeks ago that it was slashing its forecast for the second quarter of the year. It said it expected its year-on-year sales growth to dip below 10 percent instead of the 20 percent earlier estimated. "In light of Nokia's commentary--which we read to be an indictment of the state of end-user demand--we have lowered our growth assumptions for the industry," said the research firm. The company has consequently cut its...
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