Source: Xinhua

11-15-2008 07:56

STOCKHOLM, Nov. 14 (Xinhua) -- Nokia says global demand for mobile phones would be lower in the fourth quarter than previously forecast because of the international economic slowdown, according to reports Friday from Helsinki.

Nokia, the world's largest cell phone maker, estimated mobile phone volumes in the fourth quarter would be approximately 330 million, lower than its previous forecast.

Volumes for the entire year would decrease to 1.24 billion, 20 million lower than Nokia's previous estimate.

"In the last few weeks, the global economic slowdown, combined with unprecedented currency volatility, has resulted in a sharp pull back in global consumer spending," Nokia said in a statement.

Nokia's market share would be at the same level or slightly up in the fourth quarter, the cell phone maker added.

Nokia also estimated 2009 volumes will be lower than the 1.24 billion it is predicting this year.

 

Editor:Zhang Pengfei