Nokia on Tuesday warned that its spring would be poorer than expected even in light of Windows Phone 7 plans. The company now expected its revenue from device sales to be "substantially below" its original goals, dropping from the equivalent of $9.5 billion down to $8.8 billion. The drop would come from a change in the "competitive dynamics" across the entire spread, including in China and Europe, and a further falling away from smartphones as sales both dropped outright and moved towards cheaper designs.
