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Nokia sold more than 128 million phones in 2000 exceeding market growth
Posted: 10-Jan-2001 [Source: Nokia press release]

[Growth in Nokia mobile phone sales was up 64% compared to the previous year, but still fell below analysts expectations.]

Growth in Nokia's mobile phone sales continued to exceed market growth in 2000 as a whole and in the fourth quarter. Overall, Nokia sold more than 128 million mobile phones in the year 2000, representing 64% growth from the year before. In 1999, Nokia sold 78.5 million units worldwide.

According to Nokia's preliminary estimates, global mobile phone market volume in the year 2000 was approximately 405 million units, representing a 45% increase from the previous year. Market volume for 1999 was estimated at approximately 280 million units.

Nokia's preliminary market estimates indicate that the global mobile phone subscriber base had climbed above 700 million users by the end of the year 2000, representing global penetration of approximately 12%.

Nokia intends to release its fourth quarter and full-year results on January 30.

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