Tuesday 31 May 2011

Nokia shares drop to lowest since 1998

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Nokia's share price dropped a whopping 15 per cent on Tuesday and, as a result, is now at its lowest since 1998.The shock tailspin came after the company was forced to realign its profit forecasts for the forthcoming quarter, admitting it may only break even between April and June 2011.The crisis-hit Finns admitted that profits will be "substantially lower" than the 6 - 9 percent margin it had initally expected, due to faltering handset sales across the globe.On top of that, Nokia

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