Nokia Sinks – Is there hope?

Nokia is no longer the king of the market, and its market share has declined to 25%, what it was in 1997. Even though it is the world’s leading handset maker, its popularity has hit a new low, according to the new global phone handset figures. “Its market share declined 5.5% points year-on-year, and its share has reached its lowest since 1997”, Gartner said in a study.

Android became the most popular smartphone operating system worldwide in the first quarter of 2011, while Apple’s market grew. The overall mobile phone sales were at a total of 427.8 million units in the first quarter of 2011, a 19% increase from 2010. Smartphone sales added 100.8 million, almost double of the 54.4 million in Q-I, last FY. They account for 23.6% of mobile phone sales, an 85% increase since the first quarter of 2010, reported Gartner.

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