The increasing demand for mobile phones around the world is one of the factors that Nokia considered in the estimated 10% increase in the market volume. According to the latest statement of Nokia’s finance director Timo Ihamuotila, Nokia has competitive advantages in areas where the mobile market is getting stable.

With this, it can be expected that Nokia will be more aggressive when it comes to improving and selling their product. Nokia also calculates that their profit margin by 2010 will be within the reachable 12-14 percent which shows improvement too. Though the Nokia cellphone market prediction is optimistic, the company’s shares are a bit on the rocky side since it’s down by 1% at only €8.82 compared to the even weaker Dow Jones Stoxx European Technology Index which is currently down by 0.6 percent.