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To: orkrious who wrote (207820)	12/3/2002 10:50:26 PM
From: JHP	Respond to of 436258

Nokia projects 10% handset growth for '03 By Semiconductor Business News December 3, 2002 URL: siliconstrategies.com IRVING, Tex.--At its bi-annual conference here today, Nokia Group projected 10% growth in terms of worldwide handset shipments for all vendors in 2003, but it also expected a decline on the infrastructure side of the business. Finland's Nokia believes the total market volume for handsets will reach 400 million units in 2002, with 10% or slightly more growth projected for 2003. It also projects that the mobile subscriber market will grow from more than 1.1 billion at the end of 2002, to approximately 1.5 billion in 2005, while the annual share of the replacement market will continue to grow from the current 50% level. Currently, slightly more than a quarter of the global subscribers upgrade their handsets annually, which leads to a replacement cycle of roughly 2.5 years. This replacement cycle has lengthened over the last 18 months, but now that appears to be stabilizing, according to the company. For the full year 2002, Nokia expects the total wireless infrastructure market to be down approximately 20%, while the company's addressable market will decline closer to 15%. The outlook for the market continues to be challenging as operators focus on cash flow while cutting back on investments. For 2003, Nokia anticipates that the total market in mobile infrastructure will be down approximately 10%, while Nokia's addressable market should fair slightly better with a decrease of roughly 5-10%. siliconstrategies.com