Second-quarter sales, it said in a June 16 statement, are more likely to be toward the lower end of, if not below, its previously expected range of 6.7 billion Euro ($8.25 billion US) to 7. 2 billion Euro ($8.86 billion US). Nokia blamed the decrease on “the competitive environment, particularly at the high-end of the market, and shifts in product mix towards somewhat lower gross margin products.” Also factoring in, said the statement, was “the recent depreciation of the Euro [which] affects Nokia's cost of goods sold, operating expenses and global pricing tactics.”
more competion for high end phones sell more low proffit phones weak euro but they still hold planned market share for Q2.