Nokia sees good opportunities in 3G this year
June 11, 2003
At the company's annual mid-year strategy update in Finland on Wednesday, Nokia top management reiterated its belief in the growth opportunities of 3G technology.
6650
Nokia'a first WCDMA mobile phone
While general economic uncertainties continue to impact demand, Jorma Ollila, Chairman and CEO, said Nokia believes the market was capable of growing volumes for 2003 by approximately 10%, up from the 405 million units in 2002. The company also raised its estimate for the total number of mobile subscriptions to reach 1.6 billion by the end of 2005.
In next generation technologies, 3G, Nokia reconfirmed the availability of the Nokia 6650 GSM/WCDMA mobile phone to selected operators within this month. During the past 12 months, Nokia has conducted the mobile industry's largest ever field pilot and testing program, using close to 20,000 Nokia 6650 phones in practically every WCDMA network in the world.
At Nokia Networks, previously announced restructuring continues as planned. The division is moving towards a more focused, flexible organization that reflects current operator spending levels, while matching management objectives of increased market share, sustainable profitability and higher product and process quality.
The company sees strong opportunities in 3G mobile voice, mobile data. In WCDMA, Nokia has already gained more than 30% of the market and currently leads the industry in WCDMA deployment, with over 20,000 base stations shipped globally, sid Nokia. Nokia believes it is well on track to achieving its targeted 35% market share in WCDMA networks.
News 
Market Data 
Discover 
AI
