Nokia warns of weaker sales, shares tumble
Telephone handset maker Nokia Corp
The company said it now expects net sales from its devices and services business in the second quarter to be substantially below its previous forecast of 6.1 billion ($8.71 billion) to 6.6 billion euros due to weaker sales and lower average selling prices.
Nokia, the world's largest phone maker by volume, also said it was no longer appropriate to provide annual targets for 2011.
(Reporting by Helsinki Newsroom; Editing by Andrew Callus)
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