Can't Nokia catch a break?
Analysts at Nomura today wrote in a note to investors that they had cut their estimates on Nokia's revenue next year down to 6 billion euros ($7.5 billion), according to Bloomberg, which obtained the note. The analysts had initially anticipated Nokia posting 10.9 billion euros in sales next year.
The analysts say that the revision is due to Microsoft's announcement this week that Windows Phone 7-based devices won't be upgradeable to Windows Phone 8. Instead, the handsets will receive an upgrade to Windows Phone 7.8 -- an operating … Read more