Investment agency says Nokia's market share in China has slipped every year

Beijing time April 7 Morning news, according to foreign media reports, the United States Independent Investment Research Institute Zacks Tuesday reported that Nokia is gradually losing market share in China. Nokia is the world's largest handset maker, while China is the world's largest emerging market, with 16% of Nokia's sales coming from the Chinese market. In 2009, Nokia earned 8.6 billion dollars in the Chinese market, which was flat in 2008.　　But its market share fell from 40% in 2008 to 35% in 2009. Nokia recently received a more than 2 billion dollar phone order from Chinese retailers.　　Nokia usually publishes data once a year, and the China Post and Telecommunications Equipment Group Corporation and the sky-Sound Communications Holdings Limited have signed orders with more than 1 billion dollars respectively. It should be noted that the turnover has slipped for 3 consecutive years.　　In 2008, the total order of China's postal and telecommunications equipment Group company amounted to $2 billion, 2009 was $1.76 billion, and in 2010 it just broke 1 billion dollars. Nokia's share of the high-end smartphone market in China is gradually being eroded by RIM's BlackBerry and Apple's iphone.　　Similarly, in the low-end sector, Nokia also faces competitive pressures from Samsung, Motorola and other local low-end manufacturers. The loss of Chinese market share is detrimental to Nokia's future development. The number of registered users of mobile phones, China is the world's largest market, registered users reached 750 million. That figure is expected to grow to 1.22 billion by 2014. Not only that, China is also deploying its own 3G network (TDS-CDMA) in large numbers, so China will offer very attractive opportunities for any handset manufacturer. (PEI)