The world’s largest mobile phone company makes roughly two out of every five mobiles sold globally. It said it expected the number of phones sold to increase by 10%, from the 1.14bn phones sold last year. But the Finnish group explained that the overall value of the market would be lower than in 2007 thanks to the weak dollar, the economic slowdown in the US, and “some economic slowdown in Europe”. Shares in the company dropped 10%.
Nokia also expects the average price of mobile phones to decrease this year because of intense competition in mature markets. Nokia’s downbeat trading outlook came as its announced first-quarter results, which missed analysts’ forecasts. Profits for the three months to March were up 25% on last year to €1.2bn (£962m) but that was less than some analysts had forecast. Sales rose 28% to €12.7bn.
2 Comments
Nuwan
“Nokia’s new headquarters are separated by only one street from its previously-established production base. Beijing, marking the birth of the world’s first mobile phone industry chain fully integrating research and development, management and production, as well as sales, according to Xinhua Net.”
see story — http://english.people.com.cn/90001/90776/90884/6396868.html
Holly from mobiEnthusiast.mobi
It is true that the economy will play a part in whether someone can afford a new mobile phone or not. I do believe, however, that with the rise of the mobile internet, people will want to upgrade their existing phones to take advantage of it, and unlimited data plans with internet functionality are going to drive new growth, especially in places like the US where the mobile internet is just getting started.
#HomeBasedFlexiworkInCovid19 : Joint LIRNEasia, CPR and JustJobs Network panel at 2022 Internet Research Conference
Senior research managers Gayani Hurulle and Ayesha Zainudeen recently shared insights on the experience of women in India and Sri Lanka working remotely and flexibly during the pandemic at a jointly organised by LIRNEasia, the Centre for Policy Research (New Delhi) and the JustJobs Network at the 2022 Internet Research Conference (organised by the Centre for Internet and Society, CIS). LIRNEasia has been working with CPR and JJN over the last two and a half years on research on if and how digital platforms are empowering women with regards to work opportunities in India and Sri Lanka.
Cash transfers to the poor urgently needed; but who is poor in Sri Lanka?
The need for cash transfer to ease the inflationary burden faced by Sri Lankans has never been higher. While the monthly amounts paid by the Government are paltry, it will at least provide minor relief to those who need it the most.
LIRNEasia research on vaccine communications at 22nd ICA Conference
I recently participated in a panel discussion on “Health Communication: Risk & Strategies during COVID-19” at the International Communications Association (ICA) Conference (South Asia Regional Hub) on 29 May 2022. This session was also streamed at the main ICA Conference in Paris.
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