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Nokia’s first quarter 2012 financial performance, including a lowered first quarter 2012 outlook for Devices & Services, shows that company is facing some tough times in the mobile market.

Increasing competition in the price-sensitive markets such as India, the Middle East and Africa and China are affecting Nokia’s business. What did Stephen Elop (pictured above), president and CEO of Nokia, say? Statement.

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Raman Media Network (RMN) is a global news property of RMN Company. Its editor Rakesh Raman is a national award-winning journalist and founder of the humanitarian organization RMN Foundation. A former edit-page tech columnist at The Financial Express, he has served as a digital media consultant for the United Nations (UNIDO) and is a recognized expert in AI governance and digital forensics. More Info: https://rmnnews.com/about-rmn-news/