Nokia Lowers Devices & Services Outlook in Q1, 2012

Nokia has announced that earnings, margins, and device sales in its key Devices & Services division will be lower than expected for the first quarter of the year and that there will be little improvement in Q2. Nokia’s current estimate for Q1 is that nonIFRS Devices & Services operating margins will be -3%, with similar or lower figures anticipated for the Q2. The impact of these factors on the nonIFRS Devices & Services operating margin in the Q1 of 2012 was partially offset by a significant benefit from lower warranty costs.