News / Research
Nokia raises its 2006 mobile-device growth forecast
Nokia said in April 2006 that it expected the global mobile-device market to grow by at least 15 percent that year, revising an earlier forecast upward.
What was announced or reported
The company linked its view to strong subscriber demand and growth in emerging markets. It also introduced lower-priced models in China and argued that scale in manufacturing would matter in the market for entry-level devices.
Context and limits
The estimate followed a 2005 market volume of 795 million units cited by Nokia. It is a company forecast and a contemporary market reading, not a statement of the eventual annual result.
Why the distinction matters
The forecast also reflects the importance of lower-cost devices in expanding subscriber markets. Nokia’s remarks tied unit growth to broad access, while leaving open how prices, competitors and regional demand would actually evolve during the year. The upward revision was still an expectation, not a recorded market result.