Nokia has cut its year-on-year sales growth forecast for the second half of 2002 to 10%. The company had previous expected to see at least 15% growth.
However, Nokia continues to forecast that the total market volume for mobile phones will be between 400-420 million units in 2002, an increase on last year’s market volume of around 380 million handsets.
The company hopes that second half will be driven by the 30 new models that it is scheduled to ship in 2002. Nokia plans to launch 10 color-screen models by the end of the year and nearly half of its handsets are planned to be MMS enabled.
Nokia’s mobile infrastructure business, meanwhile, is delivering 3G equipment to 42 operators and it remains committed to seeing a Nokia supplied 3G network in operation in September 2002.