Nokia Expects 2008 Replacement Sales To Increase Market Share; Asian Pacific Sales Offset Declines

imageA mixed bag for Nokia (NYSE: NOK). Just a day after Sony (NYSE: SNE) Ericsson (NSDQ: ERIC) warned that sales of mobile handsets were slowing, and a week after Texas Instruments said it expected sales of 3G chips to fall, Nokia said in a regulatory document filed with the US government that it expected the replacement handset market to help boost its total market share in 2008, according to Reuters. The mobile device maker predicted that replacement sales would make up more than 70 percent of volume in 2008, slightly up from last year

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