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Nokia Lost European Market Share In Q3
Dec 5, 2003
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Nokia Corp market share in Western Europe declined in the third quarter, the first fall in two years, according to research released by Strategy Analytics.

The research company said the Finnish maker of mobile phones lost share to Siemens AG, Sagem, Samsung Corp., and Sony Ericsson, a venture between Sony Corp. and Ericsson.

Although Nokia typically concentrates its energies on the fourth quarter, the busiest quarter for phone-makers, Strategy Analytics said consumers might be growing tired of the bar-style forms, which are the company's mainstay.

Shipments of mobile phones in Western Europe rose 23 percent year-on-year to 32 million units, while Nokia's market share of shipments declined to 42.1 percent versus 51.2 percent in the third quarter of 2002. The company raised its full-year shipment estimate to 125 million units from 110 million.

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