|
Telecom
Outlook 2003
December
5, 2002
Nokia expects
solid growth in the mobile handset industry in 2003
HONGKONG
-- Nokia expects 10 percent or slightly more handset
market growth in 2003, while anticipating the challenging
industry environment in wireless infrastructure to continue.
At
the company's bi-annual strategy meeting for investors
in Irving, Texas, Nokia management reinforced its confidence
in the continued growth of the mobile handset industry
in 2003.
Speaking
to investors, Jorma Ollila, chairman and CEO said, "As
industry growth dynamics change, Nokia is the company
best positioned to capitalise on the opportunities ahead.
We see growth potential in new product categories especially
in games, imaging and the enterprise market in which
we can extend our strong brand, technology prowess and
manufacturing scalability. We believe we have gained
global handset market share in 2002, bringing us even
closer to our target of 40 percent."
Nokia
believes that the growth in 2003 will be driven by a
combination of subscriber growth and a stabilising replacement
cycle. The company projects that the mobile subscriber
market will grow from more than 1.1 billion at the end
of 2002 to approximately 1.5 billion in 2005.It expects
the annual share of the replacement market to grow from
the current 50 percent level to more.
Contact:
Nokia Mobile Phones
Tel: 358- 71-800-8000
Email: nokia.mobile.phones@nokia.com
Web: www.nokia.com
|
