Nokia outlined its forecasts and expectations for the global mobile communications market for the coming years. Regarding the market, Nokia expects:
- the mobile device industry in 2005 to grow approximately 10% in volume from the 630 million units Nokia estimates for 2004 and to grow also in value, but to a lesser extent
- the annual 2008 camera phone market to be more than 600 million units and the smartphone market to be more than 200 million units
- the global mobile subscriber base to surpass two billion users in 2006
- the overall mobile infrastructure market in 2005 to be slightly up compared with 2004 in EUR terms
As for its own ambitions, Nokia aims to increase its competitiveness by broadening its product portfolio and launching approximately 40 new mobile devices in 2005, while maintaining market share of 40%. The company is also targeting:
- somewhat faster than market growth in mobile devices and infrastructure
- to achieve a mobile device operating margin of 17% - 18% in the medium term (two to three years)
- to achieve an infrastructure operating margin of 14% in the medium term (two to three years)
Enterprise Solutions now to reach breakeven in the first half of 2006 - by the end of 2006 to bring overall Nokia R&D expenditure down to 9% - 10% of net sales, Nokia mobile device R&D expenditure down to 8% of net sales, and infrastructure R&D expenditure down to 14% of net sales.
