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December 14, 2004

Nokia: 2 billion cell phone users by 2006

Nokia has upped its predictions for the growth of the global mobile phone market after calculating that adoption is accelerating more quickly than previously thought in some of the world's largest countries.

Ilkka Lakaniemi, an economist at Nokia's network division, said Wednesday that the Finnish manufacturer estimates there will be more than 2 billion mobile phone subscriptions worldwide by 2006--compared with around 1.6 billion subscriptions today.

Previously, Nokia had forecast that this milestone would not be hit until 2008.

Nokia's new optimism, which comes after some tough years for mobile manufacturers and operators, is based on growth rates in several of the world's most populous countries.

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06:39 AM in Cell Phones | Permalink