Nokia
Media playback is unsupported on your device
Video

Nokia forecast sparks shares drop

Shares in mobile phone giant Nokia have plunged after it said it expected sales and profit margins for the current quarter to be well below its previous forecasts.

Last month, Nokia said it would cut 7,000 jobs worldwide as part of strategy to focus on smartphones.

Julia Caesar reports.

Go to next video: What do experts think of Nokia deal?