U.N.: Mobile Phones Gaining Revenue
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Mobile phones are expected to generate greater revenue this year than traditional land lines with the nations of Africa, Asia and Latin America driving growth, a U.N. agency said Thursday.
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Video game and mobile phone companies are set to make money this year as customers use phones to zap space invaders or sink game-winning golf putts, pushing the mobile gaming market over &#36;1 billion, a study said.
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Nokia, the world's top cellphone maker, reported a 57 percent rise in earnings per share in the October-to-December quarter, with booming demand in emerging markets boosting its global market share to 40 percent.
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Industry 'coming of age' Mobile games revenues are expected to grow from $3bn in 2006 to $10bn by 2009, according to new research.â¦
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Countries like India could become a source of profit, a panel of wireless industry figures says.
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Global mobile phone use will pass the 3  billion mark -- equivalent to half the world's population --  for the first time in 2007 as cell phone demand booms in China,  India and Africa, a survey said on Wednesday.
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Despite a practically saturated Western European market, cell phone sales are still booming worldwide, driven by longtime owners clamoring to update their phones and new buyers wanting to get on the phone-owning ladder, according to a new report.
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Global handset sales rose to record levels in the second quarter, putting the industry on track to ship 650 million cell phones in 2004 as market leader Nokia halted its decline, a survey said on Thursday.
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(InfoWorld) - The number of mobile phone users worldwide will reach 3 billion next year instead of 2008, Nokia said, driven in part by a new trend in emerging markets. For the past year, operators and phone makers have been saying that the bulk of theirÂ future growthÂ will come from areas outside of the increasingly saturated mature markets. Nokia expects that in 2007, several regions, including China, Asia-Pacific, the Middle East, and Africa, will experience 15 percent growth. But Nokia is noticing the surprising trend of growth among customers in emerging markets who are upgrading their phones. Nokia estimates that this year, 52 percent of its sales in emerging markets will come from people who are replacing their phones, said Kai Oistamo, executive vice president and general manager of mobile phones for Nokia. Next year, that figure should grow to 60 percent, Nokia said. Oistamo, along with other senior Nokia executives, outlined the phone giant's strategies for pursuing growth in the next few years during its annual analyst meeting in Amsterdam on Tuesday. Phone users who replace their devices typically opt for higher-priced phones that offer more, Nokia finds, and that's true in emerging markets as well. In India, Nokia found that among buyers of phones that cost over â¬60 ($79), 21 percent were first-time mobile users and 41 percent were replacing existing phones, said Bill Seymour, Nokia's head of investor relations. In addition to a focus on the emerging markets, Nokia will also increasingly pursue mobile Web 2.0 applications. Computer users have demonstrated their interest in creating online content, through the growth of blogs, social networking sites and online video sites. "The significance of this megatrend to Nokia is obvious," said Nokia President and Chief Executive Officer Olli-Pekka Kallasvuo. "We are the key player in bringing this into the mobile environment." Nokia hopes toÂ extend some Web 2.0 applicationsÂ to mobile users and add value to them through location information or other offerings that are unique to mobility, he said. Nokia currently has 850 million users and around half of them have the capability to connect to the Internet, he said. "We can and we will monetize this by embracing the business models that already exist on the Net," he said. Some Nokia customers may soon access Web 2.0 applications from phones with a new design from Nokia. The company will increasingly focus on building very thin phones that don't skimp on functionality, said Oistamo. Motorola recently set off a new trend in ultra-thin phones with its successful Razr and now other phone makers like Nokia are following suit. At the event, Nokia introduced the Nokia 6300, one of its first handsets to exhibit the move toward thin phones. "It's a sneak preview of what else will come out in 2007," Oistamo said. In addition to thin phones, he expects phones that offer location-based services to also be popular next year.
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Worldwide mobile phone sales rise 26% in the July to September quarter, driven by demand for new handsets.
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In many poor and emerging countries, the lack of banking infrastructure but widespread use of mobile phones has created a business opportunity that network operators are keen to exploit.
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LONDON - Video game and mobile phone companies are set to rake in the cash this year as customers use phones to zap space invaders or sink game-winning golf putts, pushing the mobile gaming market over US$1 billion (NZ$1.
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Global mobile phone sales grew by 35% in the second quarter of 2004 compared with the same period last year, according to market monitors Gartner.
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A growing international trade in discarded mobile phones is helping the worldâs poor. But will it poison the earth?
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Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales. The news pushed its shares up nearly 6.5 percent in trading.
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Nokia, the world's biggest mobile phone maker, reports surging profits as it takes market share from rivals.
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Nokia Corp. increased its global market share of mobile phone handsets for a second successive quarter, reaching 30.9 percent with sales of 51.7 million units, market researcher Gartner Inc. said Wednesday.