Perhaps the current situation is not happy making, but the forecast for the next year looks promising.

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At the beginning of the year, we forecast that an agreement among the Europeans regarding their sovereign debt situation would begin to gel by the Summer.

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In the developed markets, where Nokia has suffered most of its recent reverses, we expect the market share loss to continue in the near term, but the situation to gradually improve in the outer years of our forecast period, as Windows Phone potentially gets more popular.

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