Though 2009 is not supposed to be very exciting for most of the mobile phone companies, Nokia is exepcting to make some profits. Nokia's CEO, Olli-Pekka Kallasvuo has said that the company will focus on making profits in the trubulent 2009 market for mobile phones. Due to the recent economic slum many analysts have said that mobile phone companies will be fall nehind their sales volume. Nokia's CEO also confirmed that as compared to their rivals their position is pretty strong and they will increase their market share as consumers are still hungry for sheaper models. This is really true, consumers, especially in emerging markets like India, are really hungry for cheap mobile phones and Nokia has always made sure that provide consumers with cheap model. Majority of Indians who buy cheap but branded cell phones for their day to day use buy a Nokia phone. Also, Nokia's portfolio is pretty vast and deep so the company is certainly in a strong position as compared to its rivals. This will also be an important factor for Nokia to make profits in 2009 and increase its market share. By the way, Nokia lost some market share by the end of 2008 and it seems that it is all set in 2009 to get that back.
[Via: Scientific American & Reuters] [Image Via: Guardian UK]
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