Nokia's Domestic Market Share Under Pressure

Mobile giant Nokia is under pressure from other manufacturers in the smart-phone market sector in Finland. The American iPhone, for example, has taken over one-fifth of the market share while Asian producers also intend to follow suit.

Although some 88.7 percent of all phones used in Finland are manufactured by Nokia, a change of fortunes could be in sight, says Panu Lehti, Product Manager of service provider Elisa.

“Nokia has managed well in Finland but this position could alter if a new comparable smart-phone does not appear by next summer,” he adds.

Last week, Nokia's share price took a nosedive after the mobile phone giant slashed its outlook for its devices and services unit. Shares dropped by around 10 percent on the Helsinki and New York stock exchanges.