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Nokia Tumbles on Outlook, ‘Competitive Challenges’

Nokia Oyj fell as it forecast smaller margins in the first quarter, underscoring Chief Executive Officer Stephen Elop’s challenge in the fight against Apple Inc.’s iPhone and Google Inc.’s Android.

The world’s biggest mobile-phone maker fell as much as 8.7 percent in Helsinki before closing 0.8 percent lower at 7.74 euros. Espoo, Finland-based Nokia said in a statement today that operating margins for devices will fall to between 7 percent and 10 percent from 11.3 percent in the fourth quarter.