Nokia Lumia 900
Nokia slashes financial forecast
posted by Thom Holwerda on Wed 11th Apr 2012 21:05 UTC
"Shares in Nokia plunged 17% after the mobile phone giant surprised investors by saying it expected to make losses in the first half of 2012. The Finnish company said competition in the industry had led to lower sales particularly in India, the Middle East, Africa and China. Nokia had previously expected to break even in the first quarter." And just when you thought it couldn't get any worse, the Lumia 900 is suffering from a software flaw, and the company has started offering $100 in compensation. Not a good start for such an important flagship device.