Nokia Continuing To Gain Market Share In China

Forbes.com reports on a recent research note from Piper Jaffray analyst T. Michael Walkley following Nokia's China Internet and Technology conference in Beijing. Walkley predicted that Nokia, Motorola and Lenovo "are poised to gain market share in China in 2006. Samsung, as well as local original equipment manufacturers, may struggle to maintain share."

Walkley believed "Nokia is approaching 30% market share in China, and added that Motorola has gained market share over the past couple of months with its SLVR and RAZR handsets." With that said, Walkley wrote, "we believe nine of the top ten selling handsets in China are Nokia models, with Motorola’ RAZR the only non-Nokia phone in the top ten."

Walkey added, "We continue to believe Nokia is executing on its global product roadmap, and we believe the launch of new products combined with cost reductions will lead to sequential operating margin improvement throughout 2006."