Nokia to shift more handsets in Q2

Nokia, the world’s biggest handset vendor, said on Monday it expects its market share for the mobile devices sector in the second quarter to increase.

The Finnish giant said it expects its share to increase from its estimated 36 per cent stake at the end of the first quarter, rather than remaining flat, as the company had predicted in earlier guidance.

Nokia believes that its device shipments will be positively impacted by its clearance of device inventory in the market. During the first quarter, Nokia said that it believed there had been an impact in the market from the excess inventory of its competitors’ products.