Case Study

Individual assignment- 1 Article- Recession hits Nokia Course: MGT 465 Faculty: Ms. Ashima puri Submitted by: Latika Garg naming: 07/03/2009 Recession hits Nokia 15 Nov 2008 at 09:20 GMT Timo Poropudas The gentlemans gentlemans largest supple phone manufacturer Nokia is not turning point proof, after all. Earlier Nokia has been able withstand large sparing slumps almost without a sratch, but Friday it issued a warning of decrease shipments, sales and profit efficiency. However, Nokia believes that it will come out of the recession in better shape that its competitors and it will strengthen its market share. Nokias rather scant press release is below: Espoo, Finland - Nokia directly commented on market conditions impacting its business as well as updated its poop hind end 2008 mentality and gave a preliminary outlook for the full year 2009. In the last few weeks, the ball-shaped economic slowdown, combined with unprecedented currency volatility, has resulted in a sharp pull back in global consumer spend. The weaker consumer spending has impacted many industries, including the global spry device market. The mobile device market has also been negatively impacted by the more limited availability of credit, which has limited the purchasing ability of some of our trade customers.

Updated Outlook for the Fourth Quarter 2008: As a result of the rapid change in global consumer spending, which has impacted the mobile device market, Nokia now expects that the pains mobile device volumes will be lower in the fourth draw and quarter 2008 than previously expected. We now estimate fourth quarter 2008 industry mobile device volumes will be more or less 330 million. This is sequentially up from the estimated 310 million in the third quarter of 2008. This would result in a current estimate of industry mobile volume of 1.24 billion in 2008, instead of the foregoing estimated 1.26 billion units, up from 1.14 billion units Nokia estimated for 2007. Nokia continues to... If you want to get a full essay, order it on our website: Orderessay

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