In addition to ST-Ericsson's (STM, ERIC) weak sales, Texas Instruments' (TXN) forecast for a...

|By:, SA News Editor

In addition to ST-Ericsson's (STM, ERIC) weak sales, Texas Instruments' (TXN) forecast for a huge Q1 drop in in baseband chip sales could be weighing on Nokia (NOK -7.5%). While TI's baseband sales were expected to fall due to the chipmaker's gradual exit from the market, the magnitude of the drop suggests Nokia's "feature phone" sales could be soft, as smartphone adoption grows in emerging markets. (previously)