Nokia share slips to three-year low
- Added:
- Apr 30, 2004
The world's biggest mobile-phone maker saw its global market share drop to 29% in the first quarter of 2004 from 35% a year ago and the lowest in at least three years according to a report issued out by research firm Strategy Analytics.
Global sales in the mobile market hit the roof in the first quarter of 2004, with sales up 40% from last year to 153 million units. But Motorola, Samsung, Siemens, LG and SonyEricsson all gained on Nokia, according to the report.
Reporting a 2% sales decline in first quarter sales two weeks ago, Nokia announced a 'small' price cut, which some estimated at between 20-25%, on some of its handsets, but, according to Strategy Analytics, the move is 'only a short-term solution'.
Compounding Nokia's performance, European operators including T-Mobile, Orange and Vodafone were left grumpy over the delayed launch of their 3G service, citing Nokia's 'poor' 3G handsets as the cause.
The company has also endured a hard fought battle to acquire a 31.1% stake in Symbian from Psion's last month in a deal worth £136m.
April 16 2004:
March 22 2004:
February 25 2004:
"www.strategyanalytics.com ":http://www.strategyanalytics.com
"www.nokia.com ":http://www.nokia.com
