Tuesday, January 19, 2010

Nokia Targets Selling Half Billion Mobile Phones in 2010

Now, majority of people on earth (excluding children) perhaps have a mobile phone set. However, there is still room for growth in Asia and that is why, I am not surprised to see the target of selling 500 million mobile phone sets in 2010 in the whole world. There is still a lot of room for growth in Bangladesh, China, India, Indonesia and Pakistan. All of these countries are in Asia. I think that Nokia is the market leader in these countries. The company has market share of nearly 40% worldwide.  
Rick Simonson of Nokia recently stated this goal. He said, "There is definitely not enough room for more than 4-5 operating systems. Scale is critical. For instance, Palm's OS is very good, but with less than 1 percent of the global volumes, it won't be too appealing to developers."
Recently, Rick Simonson gave an interview to Economic Times and there he said it. He is Nokia's mobile phone unit chief.
Nokia is falling behind smart phone segment but it is doing very well in the concept phone segment. I personally think that Nokia will be able to meet its target and sell nearly half million handsets this season.