Nokia's price cuts may clip sales: analysts estimate revenue fell 5% in second quarter from bid to fend off rivals

Article Abstract:

Nokia Corp. sharply reduced prices on a selected number of handsets in order to maintain fiscal goals for the second quarter of 2004, but the price cuts are expected to negatively affect revenue.

Commodity & service prices, Prices and rates, Company pricing policy

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Nokia profit falls 20% on cuts in phone prices

Article Abstract:

Nokia Corp. declared a third quarter drop in income of 20%. The company had dropped prices on its handsets to protect market share, but paid a price in income loss.

Market share, Company market share

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Nokia sales fell 5% in quarter

Article Abstract:

Nokia Corp. posted a decline of 5% in its sales for the 2003 third quarter. The company posted 823 million euros ($958.5 million) in sales for the period.

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