1.42 AM Friday, 1 December 2023
  • City Fajr Shuruq Duhr Asr Magrib Isha
  • Dubai 05:25 06:43 12:11 15:09 17:32 18:50
01 December 2023

Nokia's India sales to cross 500m handsets

Nokia's India sales to cross 500m handsets. (AFP)

By Reuters

Top cellphone maker Nokia will sell more than 500 million handsets this year, above market expectations, a senior company executive told India's Economic Times.

"In 2010, Nokia will ship over 500 million units across three platforms, which will be about 40 per cent of the global market share," Nokia's mobile phone unit chief Rick Simonson said in an interview.

In a Reuters poll conducted in November, analysts' average forecast was that Nokia would sell 458 million phones in 2010, and 424 million in 2009.

A Nokia spokesman said Simonson's comment was not a new forecast. "Our last forecast was given on December 2," he said.

On December 2 Nokia forecast 10 per cent growth in cellphone market volumes in 2010, while its market share would remain roughly on par with 2009.

Simonson's comment helped Nokia shares to rise around three per cent, making it one of the top performers among European technology shares.

Simonson, who was CFO until October-end, said he expected around half the mobile operating systems currently in use to survive in what is a fiercely competitive global market.


Keep up with the latest business news from the region with the Emirates Business 24|7 daily newsletter. To subscribe to the newsletter, please click here.