Nokia expects 2011 and 2012 to be transition years
The newlyannounced partnership between Nokia and Microsoft brings a lot ofchanges to the Finnish company and its financial reporting andfuture. That is one reason why “Nokia expects 2011 and 2012 to betransition years, as the company invests to build the planned winningecosystem with Microsoft.”
The company announced that its 2011yearly prospects are uncertain and doesn't provide any details forits annual targets. Nokia, however, will keep providing quarterlyforecasts to mark its progress in adopting Windows Phone.
When the transition is overNokia aims to achieve better long-term results. Espoo expects:
- Devices & Services net sales togrow faster than the market.
- Devices & Services non-IFRS*operating margin to be 10% or more.
Nokia predicts more competition in the cell phone industry with the adoption of smartphones, but just how is this going to work out for them? Let us know what you think!