Nokia, the world's leading mobile phone maker, said it now expects net sales in its Devices & Services division "to be substantially below its previously expected range of 6.1 billion to 6.6 billion euros for the second quarter of 2011. In the second quarter of 2010, the division's revenues were 6.8 billion euros. Nokia blamed lower-than-expected average selling prices and mobile device volumes, resulting from "the competitive dynamics and market trends across multiple price categories, particularly in China and Europe."
Nokia said it is continuing to invest to bring new capabilities to its Symbian smartphone line up and "has taken price actions on its current smartphone portfolio, and is intensifying its focus on retail point-of-sales marketing." The Finland-based company added that it has now begun shipping dual-SIM devices and "has increased confidence that the first Nokia product with Windows Phone [software] will ship in the fourth quarter 2011." source: Nokia statement