Nokia announces sales slump; N-Gage titles to appear at EIGF

July 16th, 2004, 14:08 Posted By: wraggster

Mobile handset giant Nokia has reported a fall of almost six per cent in its global sales during the second quarter, and dropped its full-year forecasts; while the company plans to showcase its N-Gage range at the Edinburgh Festival next month.[br][br]Shares in the Finnish company tumbled by almost 16 per cent on the Helsinki stock exchange after the company reported results for the three months to June 30th which included a 5.7 per cent drop in revenues.[br][br]Despite the falling revenues, the firm reported that profits grew some 14 per cent in the quarter, and it still holds some 31 per cent of the worldwide mobile market - but earnings are expected to continue to slump through the rest of the year, with the revenue forecast for the current quarter slashed in half.[br][br]On a more positive note for the company, it today announced its intention to showcase the software line-up for the N-Gage platform at the Edinburgh International Games Festival in Scotland next month, as part of the Go Play Games exhibition at the Edinburgh Royal Museum.[br][br]The exhibition, which will run from the 8th to the 22nd of August, will include a number of pre-release titles for the platform such as Crash Nitro Kart, Tom Clancy's Ghost Recon - Jungle Storm and Operation Shadow, as well as the first ever consumer event appearance of Sega's mobile massively multiplayer title, Pocket Kingdom: Own The World.

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