Monday, October 10, 2005

Nokia CEO Ollila sees growth

In a Financial Times interview, Ollila commented the state of mobile phone market. He believes that this and next year will be years of strong growth. This growth comes from unexpectedly strong demand in mature markets and from emerging markets.

Ollila compares different market areas and sees trend in market development cycle. Now Middle East, the Gulf and Africa are at same state as seen in Latin America couple of years ago and even earlier in China. He goes on to say that their market stance is very strong because of their excellent product slate.

I think that what we see here is Ollila building pressure for his successor. By giving out positive estimates even for coming year, he is ensuring that Mr. Kallasvuo has to slave to meet those estimates. Good for the share value. I did not check Financial Times but Reuters.


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