Nokia's Dramatic Profit Warning - Financial Times Analysis

Visit the Financial Times at: http://www.ft.com/video for more news on Nokia, Microsoft Windows Phone 7, Android and Apple's iPhone.

June 1st, 2011: A cut in Nokia's margin expectations to zero should not have come as a complete surprise but it does make the first smartphone with the Microsoft Windows Phone 7 operating system crucial. Lex's John Authers and Sarah O'Connor discuss the implications for the company and Stephen Elop, its chief executive, and consider how Nokia will fare in a market that is dominated by Apple's iPhone and Android open-source OS.