Ben
28th November 2005, 11:21 AM
Mostly due to China and India before you get too excited.
http://news.zdnet.co.uk/hardware/mobile/0,39020360,39238655,00.htm
The chief executive of top mobile-phone maker Nokia said on Friday that the global market is likely to grow faster next year than many people expect.
The company, which produces one of every three mobile phones sold worldwide, has forecast that the mobile device market this year would reach 780 million units.
"The robust growth will continue and will exceed expectations, as it did this year," said chief executive Jorma Ollila, when asked about the outlook for next year.
Nokia expects a large portion of that growth to come from China, one of its fastest growing markets.
"We estimate that by 2010 China will have added another 250 million subscribers, strengthening its position as the single largest mobile market in the world," said Ollila.
China currently has about 380 million mobile subscribers.
Nokia sold 23 million handsets in mainland China, Taiwan, Hong Kong and Macau in the first nine months of 2005, rising 77 percent from a year-earlier period, said Ollila.
The company recorded total sales of $3.3bn in those markets in the January-September period and exported $2.3bn of goods out of China from its four manufacturing sites in the mainland over the same period.
The company said it has invested more than $2.2bn in China over the past 20 years and is the largest exporter in the Chinese mobile telecommunications industry.
Nokia also operates six research and development units spread across the region. The company estimates its market share of handsets in those markets at over 30 percent.
[continued]
http://news.zdnet.co.uk/hardware/mobile/0,39020360,39238655,00.htm
The chief executive of top mobile-phone maker Nokia said on Friday that the global market is likely to grow faster next year than many people expect.
The company, which produces one of every three mobile phones sold worldwide, has forecast that the mobile device market this year would reach 780 million units.
"The robust growth will continue and will exceed expectations, as it did this year," said chief executive Jorma Ollila, when asked about the outlook for next year.
Nokia expects a large portion of that growth to come from China, one of its fastest growing markets.
"We estimate that by 2010 China will have added another 250 million subscribers, strengthening its position as the single largest mobile market in the world," said Ollila.
China currently has about 380 million mobile subscribers.
Nokia sold 23 million handsets in mainland China, Taiwan, Hong Kong and Macau in the first nine months of 2005, rising 77 percent from a year-earlier period, said Ollila.
The company recorded total sales of $3.3bn in those markets in the January-September period and exported $2.3bn of goods out of China from its four manufacturing sites in the mainland over the same period.
The company said it has invested more than $2.2bn in China over the past 20 years and is the largest exporter in the Chinese mobile telecommunications industry.
Nokia also operates six research and development units spread across the region. The company estimates its market share of handsets in those markets at over 30 percent.
[continued]