Siemens, the German electronics giant, expects to sell seven to eight million mobile handsets in its second quarter to March 31. It sold 6.9 million in the same period last year.
Siemens forecasts global handset unit sales will grow by up to 10% in 2002. The company says that it is aiming to grow faster than the market. It plans to launch a new range of handset models this year; its models will all be tri-band from the end of the year onwards.
The company also says that it is not considering any large acquisitions. Instead, it is aiming to develop its own business and the Siemens brand. This announcement follows the end of talks with Motorola, which collapsed after disagreements about brand names.