According to the latest figures, Nokia rules nearly 40% of the world’s mobile phone market. Report reveals that Nokia sold 12.4 million mobiles in the second quarter of 2008. It is beleived that Nokia has the best portfolio in the market to deal with the slowing economy. It is quite well known that western population is burdened with inflation, Nokia is offering mobile phones at a ultra low cost to developing countries which is attracting the buyers. A report forecasts that Nokia sales to increase in the second half of 2008 because of its touch-screen device that will now be more high mid-tier than high-tier. Samsung and LG have both increased their market share by two per cent but Motorola and Sony Ericsson have been less competitive. Motorola’s market share dropped by 4.5 per cent since last year while Sony Ericsson’s decreased by 1.4 per cent. Moreover Motorola lacks 3G and hot applications such as GPS and good-quality internet browsing. The company is refurbishing its strategy to increrase the sales may have to cut prices as it lacks good features.
Wireless Federation » Nokia leads nearly 40% of the world’s mobile phone market (Finland)
Nokia leads nearly 40% of the world’s mobile phone market (Finland)
- August 28th, 2008
- 10:31 am
Want your say?
You must be logged in to post a comment.
