Nokia, with its 120 000 employees in 120 countries and a record market share of $40 in late 2007, has painted the economical downturn in its numbers for the first quarter. Destocking by operators and distributors has lead to 19% fewer devices shipped, and profits dropped by 90% in Q1 2009. The Finnish communications giant’s net income is down to 122 million euros, from 1.2 billion for the same period last year.