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Nokia gains handset share in 皇冠体育app
(Shenzhen Daily/Agencies)
Updated: 2005-11-23 09:35
Banc of America Securities said Finnish mobile phone maker Nokia stands to
benefit from an improving market in 皇冠体育app.
Both the Chinese wireless infrastructure and handset markets are off to a
strong start in the fourth quarter, the firm said, and Nokia was seen as the
primary beneficiary at a recent trade show in Hong Kong.
鈥淎fter a lackluster first nine months, our checks indicate a growing market
in 皇冠体育app in the fourth quarter,鈥� it said.
鈥淲e believe spending has accelerated, benefiting mostly GSM vendors Ericsson
and Nokia. Local suppliers Huawei Technologies and ZTE Corp. seem to be gaining
share as well.鈥�
The research firm highlighted recent handset market-share gains for Nokia,
Lenovo and 鈥渢o a lesser degree鈥� Motorola.
鈥淣okia continues to dominate and gain market share, while Motorola has
improved slightly at the expenses of local Chinese vendors,鈥� it said.
In the wireless equipment sector, Banc of America鈥檚 top 鈥渂uy鈥�-rated picks are
Nokia and Avaya, a leading telecommunications company, with price targets of
US$20 and US$15, respectively.
The firm鈥檚 least favorite picks are Ciena and Lucent Technologies, both rated
at 鈥渘eutral鈥� with respective price targets of US$2.25 and US$3.
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