Nokia expects market share boost, inks China deal

Nokia expects its market share to improve from its first-quarter estimate of 36 percent thanks to a clearing of excess device inventory. In its first-quarter earnings report, Nokia executives had said that excess inventory from competitors' products had temporarily impacted the company's visibility in short-term market developments.

The handset maker also inked a $2.5 billion deal with Chinese distributor China Postel for devices. In 2006 the distributor had a market share of more than 30 percent in the Chinese mobile market. Nokia has been working closely with China Postel since 1998 and estimates that the distributor has distributed more than 37 million Nokia mobile phones in China.

For more:
- see this press release on Nokia's market share and this release on China Postel