Mobile Monday - Breaking News: 2006 mobile phone market to grow to 915 million

By Administrator on April 7th, 2006
Posted in Mobile Content |

Mobile Monday - Breaking News: 2006 mobile phone market to grow to 915 million
Nokia outlines industry dynamics at AGM
2006 mobile phone market to grow to 915 million

Timo Poropudas

30 Mar 2006 at 18:29

Speaking Thursday at Nokia’s Annual General Meeting, company CEO Jorma Ollila traced the rapid rise of mobile communications and described the nature of the industry today.

“There is huge diversity between geographic areas and markets in terms of consumer preferences and behavior,” he said.

“In addition to continuous growth in voice communication, other industries like music and digital imaging are quickly becoming more integral to mobility.”

Ollila described how the size, growth and dynamics of emerging markets are increasingly driving demand. He repeated the company’s earlier statements that Nokia expects approximately 80 percent of the next billion subscribers to come from the emerging markets.

Ollila also upped the company estimate for mobile device market volume growth in 2006.

“Due to strong subscriber growth, we have now updated our global mobile device market volume estimate for this year,” said Ollila.

“Nokia estimates that in the year 2006, the mobile device market volume will increase globally 15 percent or more from our estimate of 795 million units in 2005. Previously, we estimated that the global mobile device market volume would grow 10 percent or more this year from last year’s estimate.”