Nokia recently stated that they predict a drop of the phone market in the fourth quarter and next year, as the global economy slows down and consumers decide to spend less. The company forecast 1.24 billion handsets sold this year, less than its last estimate (1.26 billion) and blames some of these drops on the economy issues plaguing the world.
While...
A Reuters poll shows that analysts think we’ll soon witness the first crash of the mobile phone market since 2001. The experts expect the global growth to be 3% in Q4 and 2009, which is really bad when compared to the 10% of recent years. There is however an expectation of growth in the last quarter of 2008, at least with 11.6%, compared to Q3,...
The fact that a big contribution to Nokia’s position as a top handset producer has been brought by stepping in on emerging markets is known and accepted. It’s not the high end devices that make the big numbers in Nokia’s profit really big, but revenues from countries such as India.
Emerging markets bring loyal users, which stick to the brand...