Nokia clips its 2009 market share estimates

Nokia has revised down its global handset market share for 2009 from 38 percent to 34 percent, based on a new methodology for measuring the handset industry.
The company said in a filing with the Securities and Exchange Commission the new measurement more clearly outlines new entrants to the mobile phone market. "These include vendors of legitimate, as well as unlicensed and counterfeit, products with manufacturing facilities primarily centered around certain locations in Asia and other emerging markets," the world's largest handset maker said in a statement.
Based on the new method, Nokia said 1.26 billion handsets were shipped worldwide in 2009, compared with a previous estimate of 1.14 billion. Nokia also revised down each of its quarterly industry market share estimates for 2009. Despite the revisions, Nokia is still the world's leader in overall market share, and its next closest rival, Samsung, had a 21.1 percent market share in the fourth quarter, according to IDC.
Nokia reiterated that it expects the handset industry to grow 10 percent in 2010 compared with 2009, and that it expects its own market share to be flat in 2010 compared with last year. The company said it expects the value of its sales to increase slightly this year, but it gave no figures.
In other Nokia news, court documents unearthed by Reuters point to a protracted legal battle with Apple over patents. The two sides have scheduled a key U.S. court hearing for mid-2010. Earlier this month, a federal judge in Delaware put the competing patent-infringement claims between the two companies on hold while the U.S. International Trade Commission tries to resolve the dispute.
For more:- see this release- see this Reuters article
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