Nokia, the world's leading mobile phone maker, has warned investors that its second quarter earnings are likely to come in weaker than previously forecast.
In its mid-quarter update, Nokia said economic weakness in Europe and the US, currency fluctuations and Asian weakness would weigh on its performance.
Sales growth was now expected at the lower end, or even below, the previous forecast range of 4% to 12% in the quarter, it said.
At the same time, Nokia said its headline profits, as expressed in earnings per share, were still expected to come in at the previously announced range.
