Nokia to delay next-gen phones?

Speculation is growing that Nokia may delay shipments of its next generation mobile phones after a leading supplier of components to the Finnish company issued a profits warning.

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By  Philip Fenton Published  June 11, 2002

Speculation is growing that mobile handset giant Nokia may delay shipment of its next generation mobile phones.

Wireless components maker RF Micro Devices slashed its revenue and earnings guidance on Friday, saying an unspecified customer had delayed shipments of new phones carrying RF chips.

RF has been careful not to name names, but it is a widely known fact that Nokia accounts for around half of the company’s business.

CFO Dean Priddy, following a presentation to investors on Monday, signalled that Nokia could be the culprit.

"A lot of analysts are speculating that Nokia's to blame," Priddy told Reuters following the presentation.

Asked if he expected Nokia to confirm the shipments delay during its own meeting with analysts later today, Priddy said, "We'll wait and see what they say."

"We're interested as well," he said.

Experts believe that Nokia is struggling to adapt the phones to new networks capable of carrying high speed data as well as voice calls, although this is considered to be a temporary problem.

The delay could also be down to a lack of demand for GPRS handsets, which have so far received a lacklustre reception.

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