Nokia is one of the most popular brands in the world. I have read so many articles saying that cell-phones sales will not be affected by the current economic condition but I continued to differ. Here comes the proof. The cell phone giants overall sales have been adversely affected.
Nokia’s Q1 results show significant reduction in sales not only compared to Q4 2008, but even compared to Q1 2008 as well. You can find the details in this press release.