Polish Maxcom issues profit warning, says “Nokia’s aggressive return” the reason

Finnish medium tivi.fi reports, that Polish phone maker Maxcom issued a profit warning, decreasing profit estimates from €4 million to €2.4 million in 2017, causing the stock to go down 20% on the Warsaw Stock Exchange. This news is interesting because the reason Maxcom will see lower profits/revenue is Nokia. Maxcom experienced lower demand for its phones (mainly low end smartphones and feature phones) because of Nokia’s “aggressive marketing” in 2nd and 3rd quarter this year, among other reasons.

It’s a shame to see every phone vendor struggle, but, from our perspective, it’s definitely good to see Nokia becoming a serious player on the market again, at least in Poland. 🙂