We're starting to feel a bit guilty reporting Nokia-related news, as it seems nearly all of it is bad at the moment, and it's just not nice kicking someone when they're down.
So while we're obliged to reveal that analysts have again cut their price targets for Nokia's already-struggling stocks, we'll balance it out by saying Finland is apparently quite lovely this time of year.
The latest round of painful reality checks was triggered through the week with Nokia's admission that it wouldn't make its financial targets for the quarter.
Due to be announced later this month, the latest results are likely to reveal a higher-than-expected loss as the company continues to struggle to get its Windows Phone operation off the ground.
The company has been forced to dramatically cut both staff and facilities in an attempt to limit the damage, to the extent that its future now depends almost entirely on Windows Phone being a success. And many analysts clearly aren't convinced it will be – or at least not to the extent where it actually makes anyone any money.
“Nokia's current profit warning worryingly reflects the company having to significantly discount its new Microsoft Lumia products in order for the eco-system to gain any traction with retailers, operators and consumers,” Reuters reports analyst firm UBS as saying.
At the heart of the problem is the fact that sales of Nokia's Symbian devices have tailed off far quicker than expected, and have failed to “hold the fort” for Nokia during the period of transition over to Windows Phone – something the company was relying heavily on.
“Due to our expectations for a continued sharp decline in Symbian smartphone sales... combined with a slow ramp in Windows smartphone volume... and continued mobile devices pricing pressure... 2012 remains a challenging transitional year for Nokia,” Canaccord Genuity has warned.
Nokia's stock price has fallen by more than 50% since the start of the year alone – and wasn't exactly on the rise before that. In fact, it's a pretty telling statement about how confident shareholders are of Nokia being able to turn it around that recent rumours of a possible buyout by Samsung prompted a 9% increase in Nokia's stock price.