As per Nokia (top handset maker) world’s Cell phone (handset) and overall telecommunications equipment market will fall in the fourth quarter and in 2009.
The reason is the decline in the consumer demand due to economic slowdown.
Number of phones Nokia now forecasts will sell this year:_______1.24 billion or 124 crore
Nokia’s previous forecast for this year:________________________1.26 billion
Percentage downward correction over the past number:_____________________1.6%
Some facts:
As per the report:
The current economic meltdown is the worst financial crisis in 80 years.
The limited availability of credit is also negatively affecting the mobile industry.
Nokia shares fell to the lowest since August 2004, on 13 Nov, 2008.
Companies (such as Sony Ericsson and Motorola Inc) exposed heavily to North American and European markets – are more affected by the slowdown.
One segment of the handset market, which is slated to grow in 2009: Smart phones
The reason is the decline in the consumer demand due to economic slowdown.
Number of phones Nokia now forecasts will sell this year:_______1.24 billion or 124 crore
Nokia’s previous forecast for this year:________________________1.26 billion
Percentage downward correction over the past number:_____________________1.6%
Some facts:
As per the report:
The current economic meltdown is the worst financial crisis in 80 years.
The limited availability of credit is also negatively affecting the mobile industry.
Nokia shares fell to the lowest since August 2004, on 13 Nov, 2008.
Companies (such as Sony Ericsson and Motorola Inc) exposed heavily to North American and European markets – are more affected by the slowdown.
One segment of the handset market, which is slated to grow in 2009: Smart phones
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