Nokia revises 2009 market share down to 34 pct

Mar 12, 2010

(AP) -- Nokia Corp. on Friday revised its global market share estimate for mobile phones in 2009 to 34 percent, from an earlier 38 percent, and said it expected no growth this year.

The revision was due to more accurate measuring methods, including of counterfeit products, the world's largest said.

said that although its market share was not expected to grow, the value of its market share this year would "increase slightly" over 2009. It gave no figures.

Nokia left as unchanged a previous estimate that the total global market of would grow 10 percent this year compared to 2009.

Nokia's share price closed up 2 percent at euro10.80 ($14.75) in Helsinki.

The new figures came as Nokia "revised its definition of the industry mobile device market" in its annual report on 2009 delivered Friday to the U.S. .

"This is due to improved measurement processes and tools that enable Nokia to have better visibility to estimate the number of mobile devices sold by certain new entrants in the global mobile device market," Nokia said. "These include vendors of legitimate, as well as unlicensed and counterfeit, products with manufacturing facilities primarily centered around certain locations in Asia and other emerging markets."

Nokia also revised up - to 1.26 billion units - a previous estimate that total industry mobile volumes amounted to 1.14 billion units last year.

Explore further: Tycoon Branson backs ride-sharing service Sidecar

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Nokia posts loss of $832 million in third quarter

Oct 15, 2009

(AP) -- World-leading mobile phone maker Nokia Corp. on Thursday reported a loss of euro559 million ($832 million) in the third quarter, taking hits from a 20 percent drop in sales and a one-time charge for the fallen value ...

Nokia profit plunges 90 percent in Q1

Apr 16, 2009

(AP) -- Nokia Corp. on Thursday said profits plummeted 90 percent in the first quarter because of fading demand for mobile phones amid the worldwide downturn - but its shares surged as analysts had expected ...

Mobile phone sales up six pct in 2008, 4th qtr weak

Mar 03, 2009

Mobile phone sales grew by six percent in 2008 over the previous year but fell nearly five percent in the fourth quarter as the global economy weakened, market research firm Gartner said on Tuesday.

Nokia posts 66 pct fall in Q2 profits, shares drop

Jul 16, 2009

(AP) -- The world's top cell phone maker, Nokia Corp., on Thursday said second-quarter earnings fell 66 percent as the global recession sapped demand. The company scrapped its target to gain market share this year and its ...

Recommended for you

German court lifts ban on Uber car pick-up service

4 hours ago

The controversial but popular car pick-up service Uber claimed a victory in Germany on Tuesday when a court threw out an injunction levelled against its operations in Europe's biggest economy.

Oligarch buys Russia's most popular social media (Update)

7 hours ago

A media company owned by Kremlin-friendly oligarch Alisher Usmanov has splashed out $1.5 billion to gain full control of Russia's most popular social network, VKontakte, bringing an end to a months-long dispute ...

User comments : 0