Nokia pares down 3Q sales figure, maintains profit | RCR Wireless

Nokia pares down 3Q sales figure, maintains profit

by Reily Gregson

HELSINKI, Finland-Continuing weak operator demand has compelled Nokia Corp. to pare down its third-quarter sales target, while maintaining its profit goal.

The company expects to make between $6.94 billionand $7.23 billion.

“In the mobile networks, the GSM market environment remained challenging with operator investments showing greater-than-expected declines,” said Olli-Pekka Kallasvuo, Nokia chief financial officer.

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