Nokia today updated its device market share outlook for the second quarter 2007. Nokia now expects its share of the global device market to increase sequentially in the second quarter 2007, from its estimated 36% share at the end of the first quarter.
This is updated from the outlook Nokia provided in its first quarter 2007 earnings announcement on April 19, 2007, when the company said it expected its device market share in the second quarter 2007 to be approximately at the same level sequentially.
Nokia believes that its device shipments in the second quarter 2007 will be positively impacted, as excess device inventory in the market has sufficiently cleared. In its first quarter 2007 earnings announcement, Nokia said that it believed there had been an impact in the market from the excess inventory of certain of its competitors’ products in the first quarter. This excess inventory also temporarily impacted Nokia’s visibility into short term market developments.
Nokia continues to target an increase in its market share in mobile devices for the full year 2007.
Nokia will report its second quarter 2007 results on August 2, 2007.