Nokia (my current employer) hold an annual investors day in New York called Capital Market Days. It is here than Nokia recaps their year and lays out forecasts for the next. As usual, there are some interesting stats (link below).
Let’s start with these:
Nokia estimates the mobile device market to grow more than 10% from the estimated 780 million for this year (that’s over 2 million a day!). Also, mobile subscriptions will pass 3 billion in 2008 (two years earlier than previous estimates).
I am pretty sure that most of that growth is in BRIC – Brasil, Russia, India, and China. How are you preparing for this amazing growth in the emergin market, where most folks will never have a computer, or a credit card, or even steady power? Yahoo, Google, Microsoft – are you ready? Or are you still preacihng to your current base?
Thanks to Chris, emrging markets have been have been indelibly etched upon my mind.
More interesting stats:
– Nokia will reduce R&D expenditure accross the board. Hmm, what does that mean for innovation at Nokia?
– Nokia has launched a wopping 56 devices this year. Wow!
At the annual Nokia Capital Market Days in New York, Nokia presented its expectations for overall industry developments and set out its targets for the next one to two years.
