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Nokia Boosts Latin Marketshare

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Nokia posts a record year in Latin America, helped by more advanced wireless devices.

BY CHRONICLE STAFF

Finland-based Nokia, the worlds largest manufacturer of wireless phones, is growing strongly on all fronts in Latin America. Its boosting unit sales, revenue and market share. And one country in the region - Brazil - even made the worldwide top 10 list for 2006 sales.

All in all, Nokia posted net sales of approximately $4.8 billion in Latin America last year, according to Latin Business Chronicle calculations based on indirect data from Nokia. Latin America accounted for 9 percent of its 41.1 billion euro sales last year, according to Maurizio Angelone, senior vice president of Nokia Latin America.

Nokia sold 38.6 million wireless phones in Latin America last year compared with 30.4 million in 2005, according to our analysis of the companys data for the last four quarters. However, Nokias real success lies...

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