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Nokia Predicts Strong Mobile Phone Market Recovery in 2010

Posted 3rd December 2009.

Nokia mobile phone experts predict that the mobile phone market will make a quicker-than-expected recovery in 2010. Despite falling around 7% in volume sales this year, analysts suggest that it will recover up to 10% in volume from the New Year.

Nokias finance director Timo Ihamuotila said: The mobile devices market is stabilising. The market growth will happen in market segments and geographies where Nokia is strong.

This year has proved to be a testing time for Nokia mobile phones, after posting its first loss in a decade and facing increasing competition from smartphone manufacturers, HTC, Apple and BlackBerry. The drop in sales volume is largely down to the cut-backs taken by consumers on spending, but Nokia estimates that there is still 1.12 billion mobile phone handsets to be sold this year.

Samsung revealed this week that it has measured a stark growth in the sale of touch screen mobile phones, suggesting that the market is still alive and kicking despite the minor consumer financial adjustments.

Nokia trialled the Linux-based Maemo platform with its latest Nokia N900 handset, but Nokia has reaffirmed the companys loyalty to the Symbian platform that is still to be its biggest platform in 2010.
Nokias chief executive Olli-Pekka Kallasvuo said: In 2010 you will see a new version of Symbian to be released.

This is the best combination for us. You need more than one operating system, but then again you should not have too many or you will start to lose the benefit of the scale.

The outdated Symbian platform has come in for criticism in recent months, with experts suggesting that the operating system is the main reason why consumers choose the Apple iPhone or BlackBerry devices, which are thought to be easier to use.

However, Nokia mobile phones remain at the forefront of the mobile market and a new version of Symbian will only strengthen their hand.

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