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2005 has been a good year so far for Nokia, with the mobile phone giant increasing it's share of the handset market to 33% on sales on 8.1 million euros for the second quarter this year.
Many of the gains were put down to strong performances in the Latin America, China and North America markets, whilst performances in the established European and Australian markets remained stable.
Chairman and CEO Jorma Ollila commented:
"Looking at the quarter as a whole, there is a good deal of success to build on across the business in an increasingly challenging environment. Industry consolidation among market leaders in both the device and networks businesses is ongoing, but this is a game that Nokia is well positioned to win. To do this, we will continue to make targeted and decisive investments into marketing and R&D.
With our upgraded mobile device portfolio at the high end, and volume advantage, brand and quality at the low end - where growth is increasingly driven - we have a strong base to expand our product and technology leadership."
For the full press release with complete lowdown on the figures, please visit
Q3 and Q4 also promise to be lucrative for Nokia with the release of the new top-end NSeries range of phones as well as an increase in it's domination of the smartphone market with more phones based around the Series 60 operating system.
Q3 results will be published on October 20, 2005.
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