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DJ Nokia CEO: New Products Will Boost Market Share, Pricing
NEW YORK (Dow Jones)--Nokia Corp. (NOK) Chairman and Chief Executive Jorma Ollila said new product offerings will help expand the mobile phone industry, increase the company's market share and maintain pricing power.
"I think that fundamentally there is a lot of opportunity to bring value with new products," he said in an interview on CNBC Thursday. "I think the pricing power will continue to be good in this industry."
As is typical for the season, he expects volume to fall a little in the first quarter from the fourth quarter, which included holiday sales.
The world's leading mobile handset maker earned EUR23 cents a share in the fourth-quarter, compared to EUR25 cents a year ago. Sales rose 3% to EUR9.06 billion.
The company expects first-quarter sales of EUR7 billion to EUR7.3 billion. It forecast earnings of EUR12 cents to EUR15 cents a share, including charges.
Ollila expects Nokia's new products to help the company fight competition and increase its market share from the 34% share it reported, based on its sales of 66.1 million units in the fourth quarter.
"I think the competition both from our American competitors, European as well as particularly the Asian ones continues to be very tough, but I think our product cycle will be favorable," Ollila said.
He declined to comment on speculation that Nokia may be interested in buying Research in Motion Ltd. (RIMM), maker of the BlackBerry wireless e-mail device.
In premarket trading, shares rose 9.6% to $15.36.
-By Deborah Finestone, Dow Jones Newswires; 201-938-2205

(END) Dow Jones Newswires
01-27-05 0816ET