Ahead of its Q1 2012 earnings results, Nokia has lowered its first quarter 2012 financial outlook — the company expects its Devices and Services operating margin to be approximately negative three percent, compared to previous expectations of a break-even quarter. Specifically, Nokia noted that “competitive market dynamics” negatively affected sales in the mobile phone and smart device business units. As to where the company underperformed, Nokia said it had particular trouble in the Middle East, India, Africa, and China. The company is currently estimating Q1 mobile device sales of 71 million units, with 12 million units sold from its smart devices division.
Nokia apparently doesn’t see a light at the end of the tunnel yet, either:…
