Alas Poor Nokia
June 6, 2011
Nokia's fall from grace is worrying the Finns. Nokia accounts for 14% of Finland's exports and 1.5% of its GDP.
Earlier this week it said it may not make a profit in Q2. It's usual 6-9% operating margins may be gone with the company saying Q2 could be a break-even quarter.
The shares have now fallen 75% in four years to around €4.50. In October 2007 they stood at $27.7. At €4.50 they are at a 13 year low.
Nonetheless Nokia still makes a quarter of the world's phones.
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