Nokia, which had a few bad years, appears to be making a comeback on the shoulders of exploding markets in the Asia Pacific. LIRNEasia research shows that there is plenty of room for market expansion in the Asia Pacific, especially at the bottom of the pyramid. If Nokia and other equipment suppliers address this market proactively, they can have many more good years.
Nokia, which is based in Espoo, Finland, shipped a record 106 million units in the quarter, up 26 percent from a year earlier and 19 percent from the third quarter. Nokia said its fourth-quarter market share was unchanged from 36 percent in the third quarter and up from 34 percent a year earlier, led by gains in all regions except North America.
Unit sales jumped 54 percent in China and 60 percent in the Asia-Pacific region, which includes India. Handset sales in Europe rose 11 percent and fell 39 percent in North America.