Wednesday, March 29, 2006

Nokia Predicts 15% Growth in Global Mobile Device Market in 2006

Nokia raised its estimate for mobile device market volume growth in 2006, saying it now predicts a 15% growth from its estimate of 795 million units in 2005. Previously, Nokia estimated that the global mobile device market volume would grow 10% or more this year from last year's estimate.

Nokia Chairman and CEO Jorma Ollila said "There is huge diversity between geographic areas and markets in terms of consumer preferences and behavior," he said. "In addition to continuous growth in voice communication, other industries like music and digital imaging are quickly becoming more integral to mobility."

Nokia expects approximately 80% of the next billion subscribers to come from the emerging markets, and Nokia expects the global mobile subscriber base to reach three billion during 2008.

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