C'mon Tero....Cant you at least give me a hint on the new models?
Nokia Sees 2000 Sales Up 40%, to Unveil 18 New Models (Correct)
New Delhi, Feb. 10 (Bloomberg) -- Nokia Oyj, the world's biggest cellular-phone maker, expects sales to rise as much as 40 percent in
the year ending December 2000 as it plans to unveil nearly 18 new models.
The company's sales may rise to as much as 27.7 billion euro ($27.5 billion) in the year ending December, from 19.8 billion euro last year.
``That is very fast growth compared to the market,' said Jorma Ollila, chief executive of the company, at a news conference in New Delhi.
``And (this) means we will take market share,' from other players.
Ollila was a keynote speaker at a computer technology conference in the Indian capital.
The Finnish company plans to unveil as many as 18 new models of mobile phones this year. These would include WAP (or wireless access
protocol) phones that enable the user to surf the Internet and trade securities.
New models will help Nokia maintain its leadership in the cellular market boost sales and profit, as it faces new rivals such as South
Korea's Samsung Group, which jumped to fourth from sixth, in a survey by Gartner Group Inc.'s Dataquest unit.
Nokia extended its lead as the world's biggest cellular phone maker, boosting global market share to 26.9 percent last year from 22.5
percent in 1998, Dataquest said.
Nokia's gains came at the expense of its biggest rivals, Motorola Inc. and Ericsson AB, which held on to the No. 2 and No. 3 spots,
respectively. Motorola's share slipped to 16.9 percent from 19.5 percent, while Ericsson's fell to 10.5 percent from 15.1 percent.
Finland's Nokia extended its lead by beating competitors to market with new models and with its extensive distribution channels, Dataquest
said. It sold 76 million of the total 284 million phones sold in 1999. The market is expected to pass 410 million units in 2000, Dataquest
said. |
