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Technology Stocks : Nokia Corp. (NOK) -- Ignore unavailable to you. Want to Upgrade?

To: Eric L who wrote (3073)	6/3/2003 9:04:10 AM
From: Eric L	Respond to of 9255

Helsingin Sanomat on Gartners Q1 2003 Handset Sell-Through >> Nokia's Share of Mobile Handset Market Falls Slightly from late 2002 Company may still reach target of 40 percent later this year Helsingin Sanomat Business & Finance June 3, 2003 helsinki-hs.net According to research company Gartner, Nokia's market share in global mobile handset sales fell slightly in the first quarter of 2003 compared to the fourth quarter of 2002. Nokia's estimated market share is now 35 percent, down from slightly over 36 percent late last year. [Gartner estimated Nokia Q4, 2002 market share at 36.8% and credited Nokia with 35.8% of 423,419,000 handsets sold in 2002] However, compared to the situation one year ago, Nokia has improved its position. The market leader held a share of 34.2 percent of the market in the first quarter of 2002. The figures of Gartner are clearly lower than those calculated by Nokia itself, which estimated that it sold 38 percent of the world's mobile handsets in the first quarter of this year. The difference is explained by a different view of total sales. Nokia has calculated that 98 million handsets were sold worldwide, whereas Gartner's figure is 112 million. The estimates of other handset manufacturers are more in line with Nokia's, but other market research companies agree more with Gartner. According to Gartner, Nokia could achieve its long-term target market share of forty percent later this year. This goal can be met if Nokia continues as the dominant manufacturer of GSM phones. Gartner analyst Carolina Milanesi believes that with new models and aggressive pricing, Nokia could increase its GSM market share from the current 50 percent. The company could lower the prices of its cheaper models without a drop in profit margins, as production costs have also fallen. All in all, the first quarter of 2003 saw mobile handset sales that were higher than ever before in the corresponding time period. Gartner's figure of 112 million mobile phones sold represents a growth rate of 18 percent over last year. << - Eric -