Nokia expects growth in market shares in Q2

Handset leader Nokia expects to increase its global market share from 36% in the current quarter, sending its share price up almost 4%, an Associated Press report said.

The Associated Press report said Nokia expected its second-quarter market share to remain at 'approximately the same level' as in the first quarter, when it estimated it had reached a global share of 36%.

Nokia said it expects 'its share of the global device market to increase sequentially in the second quarter 2007,' but gave no figures, the Associated Press report said.

It also said it aims to increase market share for the full year, the report said.

Nokia has previously announced a general goal of 40% market share, the report said.

In the first quarter, Nokia's share grew from 35% in the same period in 2006, the report added.

Chief rival Motorola reported its share falling to some 17% in the period, from 22% last year, the report said.

Nokia said last month that its first-quarter earnings dropped nearly 7% as expanding sales of low-end models in emerging markets pushed down its average selling price to 89 euros ($120), the Associated Press report said.

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