Nokia doing brisk business in China
World’s largest mobile phone maker Nokia is doing brisk business in the ever-growing market of China. Nokia has just claimed that they have sold 23 million handsets in China in the first nine months of the current year. This is a massive 77% increase in sales figure when compared to sales figures of last year. Nokia chief executive Jorma Ollila said in a speech in Beijing: “For the combined Mainland China, Hong Kong and Taiwan markets, we now have an estimated device market share of well over 30%.â€
The company also revealed that they made 3.3 billion dollars (2.7 billion euros) in sales in China in the first three quarters of 2005. In addition, their exports from the Asian country added in around 2.3 billion dollars. Ollila added: “China currently has 380 million mobile subscribers. We believe that by 2010, China will have added another 250 million mobile subscribers, making it the single largest mobile market in the world.â€
China is one of the fastest growing mobile markets in the world right now and more and more mobile companies are concentrating on increasing their market base here. In fact, the number of mobile phone subscribers in the country is expected to reach 520 million in 2008. This number is further expected to grow to 600 million in the next two year.
Nokia employs around 6,000 people in China and plans to increase its research and development activities and its investments in China.