Nokia's (NOK -2.6%) is likely to issue a Q2 warning in the next few weeks, writes RBC in a note...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia's (NOK -2.6%) is likely to issue a Q2 warning in the next few weeks, writes RBC in a note that's pressuring shares. In addition to tough smartphone competition, the firm is worried about declining feature phone sales. Nokia's feature phone unit shipments fell 21% Y/Y in Q1 thanks to Android's low-end momentum, and its feature phone ASP fell 10% Q/Q and 15% Y/Y to just €28 ($36).