At its annual Capital Markets Day event, Nokia has set its key targets and forecasts for the company and its industry for 2010.
Nokia CFO, Timo Ihamuotila, described Nokia’s view of the industry and competitive environment.
"Going into 2010, the overall mobile devices market is stabilising and it is growing more in the areas where Nokia has competitive advantages,” said Ihamuotila.
“We believe that by executing on the operational priorities we have set, Nokia will be competitive in both mobile phones and smartphones and will improve its value share."
Nokia expects industry mobile device volumes to be up approximately 10 per cent in 2010, however, its mobile device volume market share is expected to be flat in the same year.
"In 2010, we will drive user experience improvements, and the progress we make will take the Symbian user interface to a new level,” said Nokia CEO, Olli-Pekka Kallasvuo.
“As an operating system, Symbian has reach and flexibility like no other platform, and we have measures in place to push smartphones down to new price points globally, while growing margins. I see great opportunity for Nokia to capture new growth in our industry, by creating what we expect to be the world’s biggest platform for services on the mobile," he said.