Nokia Revises Q4 Estimates In Face Off Predicted Handset Rebound
Nokia had a great Q3, but they have just revised their Q4 sales estimates down to the same level as Q4 last year. They are gaining market share everywhere but in the Americas. Ironically, IDC just issued a report saying that the handset market is poised for a rebound after hitting bottom in 2001. They estimate a 9.5 percent compound annual growth rate through 2006 when handset shipments will reach 606 million units. Nokia's problems with the America's market is probably tied to their lack of CDMA handsets and limited tri-band GSM products. Both of which should change next year.
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