Nokia boss says mobile-phone demand strong

Oct. 10, 2005 at 12:08 PM

ESPOO, Finland, Oct. 10 (UPI) -- The growth in global mobile-phone demand should continue into next year despite earlier expert predictions of a downturn, the head of Nokia predicted.

In an interview with the Financial Times, Jorma Ollila said expectations that mobile sales would fall off over the next few years appeared to be misplaced and that demand would actually increase.

"The buzz that there is in the Middle East, the Gulf and Africa is the same we saw in China seven or eight years ago in the early part of the market cycle, the same we saw a couple of years ago in Latin America," Ollila said.

The Times said phone shipments this year have been slightly higher than in 2004 despite earlier predictions that they would cool considerably. Healthy demand for low-costs phones in developing nations have lifted world sales along with steady phone replacement rates in mature markets.

Related UPI Stories
Topics: Jorma Ollila
Latest Headlines
Trending News
Sex causes immune response to increase chance of pregnancy
Ancient rocks reveal earliest instance of photosynthesis
Smoking cessation drug effective for women faster than men
Gene therapy effective against form of inherited vision loss
NASA releases thousands of Apollo mission photos on Flickr