Nokia said Wednesday that its first-quarter income would come up short of estimates because of disappointing sales of the cellphone-maker's Symbian-powered handsets at a time when the company has yet to fully exploit its new relationship with Microsoft. While sales of its Lumia series of Windows Phone were strong, margins were relatively weak because of competition. Analysts urged Nokia to take stronger stops to turn around the company, such as spinning off its low-end phone units. Also on Wednesday, Nokia introduced its Lumia 610 NFC model, which will come equipped with a near-field communications chip for mobile payments, and said it would bring more NFC-enabled phones to market.
Published in Brief: