Jose_R.A.M
03-31-2006, 03:39 PM
From Forbes:
London - Upbeat tone. The handset industry looks to be in fine fettle. Finnish mobile phone behemoth Nokia has raised its forecast for the global market, auguring growth of 15% or more this year.
Nokia and Motorola (nyse: MOT (http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=MOT) - news (http://www.forbes.com/markets/company_news.jhtml?ticker=MOT)- people (http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=MOT)), the globe's No. 2 handset maker, are both selling more lower-priced phones, thanks to surging demand from markets where penetration levels are still low: China, India, Southeast Asia and Africa. Such market demand supersedes that of the U.S. and Europe.
Nokia (nyse: NOK (http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=NOK) - news (http://www.forbes.com/markets/company_news.jhtml?ticker=NOK)- people (http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=NOK)) particularly is driving revenue through sales of huge volumes of cheaper phones in emerging markets. Its forecast is 5% up on previous forecasts, which called for growth of 10% or more from about 795 million handsets in 2005.
Speaking Thursday at his final annual meeting as Nokia's Chief Executive, Jorma Ollila (http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=2 05242) said about 80% of the world's next billion mobile subscribers would come from emerging-market countries. Sony Ericsson, a joint venture of Sony (nyse: SNE (http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=SNE) - news (http://www.forbes.com/markets/company_news.jhtml?ticker=SNE)- people (http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=SNE)) and Ericsson (nasdaq: ERICY (http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=ERICY) - news (http://www.forbes.com/markets/company_news.jhtml?ticker=ERICY)- people (http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=ERICY)) is also starting to push out cheaper phone models in a bid for a stake of the fast-growth market.
The long-serving Ollila will be leaving a company bristling with confidence when he steps down from the helm (http://www.forbes.com/work/careers/2005/08/01/ollila-nokia-ceos-cx_cn_0801autofacescan03.html) in June: Olli-Pekka Kallasvuo (http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=3 35532), who leads the company's mobile phone business, will become chief executive when Ollila departs in the summer.
London - Upbeat tone. The handset industry looks to be in fine fettle. Finnish mobile phone behemoth Nokia has raised its forecast for the global market, auguring growth of 15% or more this year.
Nokia and Motorola (nyse: MOT (http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=MOT) - news (http://www.forbes.com/markets/company_news.jhtml?ticker=MOT)- people (http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=MOT)), the globe's No. 2 handset maker, are both selling more lower-priced phones, thanks to surging demand from markets where penetration levels are still low: China, India, Southeast Asia and Africa. Such market demand supersedes that of the U.S. and Europe.
Nokia (nyse: NOK (http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=NOK) - news (http://www.forbes.com/markets/company_news.jhtml?ticker=NOK)- people (http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=NOK)) particularly is driving revenue through sales of huge volumes of cheaper phones in emerging markets. Its forecast is 5% up on previous forecasts, which called for growth of 10% or more from about 795 million handsets in 2005.
Speaking Thursday at his final annual meeting as Nokia's Chief Executive, Jorma Ollila (http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=2 05242) said about 80% of the world's next billion mobile subscribers would come from emerging-market countries. Sony Ericsson, a joint venture of Sony (nyse: SNE (http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=SNE) - news (http://www.forbes.com/markets/company_news.jhtml?ticker=SNE)- people (http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=SNE)) and Ericsson (nasdaq: ERICY (http://www.forbes.com/finance/mktguideapps/compinfo/CompanyTearsheet.jhtml?tkr=ERICY) - news (http://www.forbes.com/markets/company_news.jhtml?ticker=ERICY)- people (http://www.forbes.com/peopletracker/results.jhtml?startRow=0&name=&ticker=ERICY)) is also starting to push out cheaper phone models in a bid for a stake of the fast-growth market.
The long-serving Ollila will be leaving a company bristling with confidence when he steps down from the helm (http://www.forbes.com/work/careers/2005/08/01/ollila-nokia-ceos-cx_cn_0801autofacescan03.html) in June: Olli-Pekka Kallasvuo (http://www.forbes.com/finance/mktguideapps/personinfo/FromPersonIdPersonTearsheet.jhtml?passedPersonId=3 35532), who leads the company's mobile phone business, will become chief executive when Ollila departs in the summer.