Nokia optimistic despite share fall
Nokia shares fell initially yesterday by 9% when the company warned of lower than expected second quarter sales.
The company said that sales would grow by only 0% to 4%. Previously the company had had a target of around 7% sales growth.
However, later in the day the shares rebounded, up 4.6% in New York, when Nokia said that it was sticking to its operating profit target and that it was gaining market share.
It said that it would sell its phones for a higher price from 2003.
