Nokia expect sales of 3G mobile phones to double in 2006
Worldâ€™s largest manufacturer of mobile phones Nokia has claimed that they are expecting the demand for 3G mobile phones to double in the next year alone. The company said that the global market for such higher end mobile handsets is expected to double in 2006 and they aim to capture a large portion of those sales.
Nokiaâ€™s Chief Financial Officer Rick Simonson said in a statement: “We expect the devices to double in volume in 06.â€ He was talking to the media group CNBC and responding to the question on the outlook of the 3G handsets market next year. 3G technology brings many new facilities to mobile users in the form of fast data connections and more sophisticated functions like video calls.
In comparison, Nokiaâ€™s chief competitor in the worldâ€™s mobile phone market, Motorola said sometime back that they are expecting the sales to grow in this segment next year but 2006 is not expected to bring the 3G technology to the frontline. Nokia on their part are confident that they would be able to increase their sales in the market by around 10% in the next year to reach a target of 900 million plus units next year.
The company is expected to sell close to around 780 million units for 2005.