Finnish-based Nokia, the world's largest maker of mobile telephones, on Tuesday predicted the global handset market to reach four billion subscriptions during 2009, a year earlier than its previous estimate.
Chief Executive Olli-Pekka Kallasvuo presented the estimate in connection with a capital market event in Amsterdam.
Nokia said it had raised its estimated operating margin to 16-17 percent within the next two years, up from the 15 per cent it expected this year. Nokia would also continue to integrate Internet access with mobile devices, he said, adding that Nokia estimated the Internet services market in 2010 to be some 100 billion euros (146 billion dollars).
For 2008, Nokia said it expected the global mobile device market to grow 10 per cent on the 1.1 billion units sold in 2007. Strong growth areas for mobile subscribers were the Asia Pacific region, China, the Middle East and Africa, Nokia said, estimating growth of some 15 per cent.
In North America, Europe and Latin America growth was estimated to be below 10 percent. Nokia also said that it expected the average selling price for handsets to drop, "reflecting the increasing impact of the emerging markets and competitive factors in general."
-DPA
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