Competitors trim Nokia's market share in Europe

Published: 6 December 2003 y., Saturday
Nokia has lost market share in western Europe for the first time in two years, as its rivals have launched a dual onslaught at both the top and bottom ends of the rapidly growing mobile phones market. According to a report released yesterday by Strategy Analytics, a US-based research firm, Nokia's share of shipments in the third quarter slipped to 42.1 per cent from 51.2 per cent in the same period last year. Nokia's loss of market share comes amid rocketing mobile phone sales across Europe, as penetration continues to rise and users upgrade to handsets with better features. According to the survey, handset sales in Western Europe have risen by 23 per cent year-on-year. Nokia has won huge customer loyalty in Europe with easy-to-use phones and its trademark mono-bloc or candy-bar shape. But many Asian manufacturers have been winning market share with folding "clamshell" phones. Nokia has won huge customer loyalty in Europe with easy-to-use phones and its trademark mono-bloc or candy-bar shape. But many Asian manufacturers have been winning market share with folding "clamshell" phones. Retailers said they expected Nokia sales in Europe to rebound in the fourth quarter as rivals such as Motorola and Siemens struggled to meet strong pre-Christmas demand. But they said Nokia had been suffering from increasing competition.
Šaltinis: news.ft.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

The U.S. has made a decision to transport shipments via Lithuania

President of the Republic of Lithuania Dalia Grybauskaitė welcomed the decision taken by the U.S. Government to transport shipments for the international mission in Afghanistan by transit via the Klaipėda Seaport. more »

Budgets Committee backs EU Solidarity Fund aid for France and Portugal

EU Solidarity Fund aid to repair storm damage in France and Portugal was approved by the Budgets Committee on Thursday. more »

European Investment Bank to provide technical support for sustainable and climate resilient water projects in Samoa

The European Investment Bank and the Government of Samoa formally agreed to support the rehabilitation and upgrade of independent water schemes in the Pacific island state under a EUR 250,000 technical assistance programme. more »

Single Market Forum: A Europe for businesses and consumers after 2012?

Steps to overhaul the European Union's flagship single market were discussed on Tuesday (9 November) by MEPs and interested parties. more »

Blueprint for energy security

Strategy to secure a sustainable EU energy supply and support economic growth over the next decade. more »

EU Globalisation Adjustment Fund: Parliament backs aid for Irish workers

EU funding to help 850 former workers in the aircraft maintenance industry around Dublin find new jobs was approved by the European Parliament on Thursday. more »

Afghans hope saffron will oust Opium

Saffron farmers in western Afghanistan hope to oust opium as a harvest crop. more »

€114,250 form EU Globalisation Fund to help 189 former workers in Polish shipbuilding sector

The European Commission has approved an application from Poland for assistance from the European Globalisation adjustment Fund (EGF). more »

Vision for European industry

New plans for EU industry to create jobs while keeping manufacturing in Europe. more »

€ 3.5m from European Globalisation Fund to help workers in Spanish textile and construction sectors

The European Commission has approved two applications from Spain for assistance from the EU Globalisation Adjustment Fund (EGF). more »