Nokia Revenue in the First Quarter will be Low

According to sources that have some kind of connections with the company Nokia, the world’s largest mobile phone manufacturer, might have the lowest incomes in the last ten years in the first quarter since the company was forced to lower prices for the products to be able to fit into the competition.

Thus, the net income of the company may be about €400 million ($544 million), compared to €1,22 billion in the first quarter of 2008. The revenues of Nokia were only lower in January-March 2009, when the profit was about €122 million.

According to the head of research department of FIM Bank in Helsinki, Mr. Schroeder, this number is the new normal level of profitability for the company, because the competition is now much higher than it was two years ago.

Perhaps the sales of Nokia in the first quarter will be higher by 5.4%, rising to €9,78 billion, according to the average analysts.

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