Nokia warns mobile phone sales falling

Nokia, the biggest maker of mobile phones, cut its global handset market forecast for the second time in three weeks yesterday as sales continue to slow more quickly than it expected as consumer spending declines reports The Times.The Finnish company said that it expects industry-wide mobile handset sales to drop by 5 per cent or more next year – the first time that they will have fallen for eight years.To read this report in The Times in full, see business.timesonline.co.uk/tol/business/industry_sectors/telecoms/article5289257.ece or www.theaustralian.news.com.au/business/story/0,28124,24754488-5018020,00.html.

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