Nokia updated its mobile device market share outlook for the 3Q 2008, saying it now expects its mobile device market share in the 3Q 2008 to be lower than 2Q 2008. This compares to Nokia's earlier estimation provided in the second quarter results announcement on July 17, 2008, when the company said it expected its mobile device market share in the third quarter 2008 to be approximately at the same level sequentially.
Nokia said it expects the overall mobile device market in 2008 to be impacted by the weaker consumer confidence in multiple markets. However, Nokia continues to expect industry mobile device volumes in 2008 to grow 10% or more from the approximately 1.14 billion units Nokia estimated for 2007. Nokia also continues to expect industry mobile device volumes in the 3Q 2008 to be up sequentially.
