Nokia's Midquarter Update
By Mala Eskola, Wed Sep 10 06:15:00 GMT 2003
TheStreet.com reports: "Wall Street is worried about mighty Nokia's weakening handset prices."
"Nokia's midquarter update earlier Tuesday offered up a snapshot of the wireless king's progress that was mostly in line with expectations. But on a subsequent conference call with analysts, the looming issue was a continuing drop in the average selling price of the company's phones. Though Nokia fans were able to point to widening profit margins and healthy handset volume growth, skeptics say the falling unit prices reveal a troubling trend."