The World’s leading cell phone manufacturer has sold last year no more 440 million handsets covering almost 40% of all mobile phone purchases. We can safely say that the World speaks Nokia. It has more than 112,000 employees worldwide, but its HQ is at Espoo near Helsinki.
Today Nokia announced that its income went up by 25% in Q1 2008, the total profit for the first three months were $1.9 billion. Sales were pushed down mainly because of selling cheaper handsets. These were sold especially in Asia, Africa, Latin America and the Middle East. But again, the Finnish company sold nearly 115 million cell phones in the first tree months of 2008, meaning an increase of 27% in comparison with last year’s sales.
Olli-Pekka Kallasvuo, Nokia CEO, is very pleased with his company’s profit, and announced that Nokia will not have any new major products in the second quarter of this year.
The Finnish company continues to dominate the markets; their phones are sold like hot bread as these statistics show. It would take a strong god-like giant to tare down this firm. Their omnipresence in the mobile phone industry tells use quite loudly that Nokia is and will be leading.