Nokia sees Q1 non-IFRS Devices & Services operating margin down 2% Nokia expects its non-IFRS Devices & Services operating margin in Q1 to be approximately negative 2%, plus or minus four percentage points. This outlook is based on Nokia’s expectations regarding a number of factors, including: competitive industry dynamics continuing to negatively affect the Smart Devices and Mobile Phones business units; the first quarter being a seasonally weak quarter; consumer demand, particularly for our Lumia and Asha smartphones; continued ramp up for our new Lumia smartphones; expected cost reductions under Devices & Services’ restructuring program; and the macroeconomic environment. Nokia expects Location & Commerce non-IFRS operating margin in Q1 to be negative due to lower recognized revenue from internal sales. Nokia and Nokia Siemens Networks expect Nokia Siemens Networks non-IFRS operating margin in Q1 to be approximately positive 3%, plus or minus four percentage points.
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