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Nokia Profit May Fall 49% as Pressure Grows on Handset Goal

Nokia Oyj may tomorrow report a 49 percent decline in profit and forecast further erosion before the world’s biggest maker of mobile phones introduces its first smartphones using Microsoft Corp.’s operating system.

First-quarter net income at Espoo, Finland-based Nokia may drop to 177 million euros ($253 million) from 349 million euros a year earlier, according to the average of 19 analyst estimates compiled by Bloomberg. The operating margin for devices and services adjusted for some items probably fell 3.6 percentage points to 8.5 percent, the average of 23 estimates shows.