Saturday, July 24, 2010

Nokia will Launch the N8 to Face Competition

Nokia said it will launch the N8 in the third quarter of this year to help save the mobile business which is currently facing pressure from its competitors. But some analysts doubt the Nokia will come out of pressure because in the second quarter yesterday, Nokia reportedly suffered a sharp decline in profit, reaching 40 per cent to USD291 million, compared to the same period last year which reached USD487 million.

Nokia profits this quarter is estimated to rise only one percent over last year to USD12, 8 billion. But it predicted revenue would be down to four per cent in case of currency fluctuations. "View Devices in our portfolio, it is clear that the current situation is very difficult. And I do not expect to get the ease in Q2 to Q3," said Nokia CEO Olli-Pekka Kallasvuo.

"But towards the end of the third quarter, we expect to start shipping the Nokia N8, our first devices running on operating systems Symbian3. We hope Symbian3 consumer demand for devices will rise," said Olli. During the third quarter, Nokia said that they expect them to grasp the device can generate about 6.7 billion to 7.2 billion euros.

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