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Nokia expects 2006 phone market to beat expectations

Posted on Sunday, November 27 2005 @ 14:11:02 CET by

Nokia's chief executive said last Friday that the global phone market is likely to grow faster in 2006 than many people expect.
The company, which produces one of every three mobile phones sold worldwide, has forecast that the mobile device market this year would reach 780 million units. Asked about the outlook for next year, Chief Executive Jorma Ollila told reporters in Beijing: "The robust growth will continue and will exceed expectations, as it did this year." Nokia expects a large portion of that growth to come from China, one of its fastest growing markets.
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