An increasing number of people could be set to trade in mobiles and upgrade to Nokia models, if the firm progresses as it is able to do.
Michael Morgan, senior analyst of mobile devices at ABI Research, said the Finnish brand has the potential to win ten per cent of the smartphone market by the end of 2012.
Its recent tie-in with Windows – which will see it produce handsets that run on the Windows Phone 7 operating system – should give the company a new lease of life.
“If Nokia can get some Windows Phone 7 devices out by the end of 2011 then Nokia will be able to ride the remnants of outlandish growth rates in the smartphone market,” suggested Mr Morgan.
He noted Nokia has seemingly missed the opportunity to take full advantage of the smartphone revolution, but its plans for the future mean it still has a chance to grow.
Nokia's annual Form 20-F report was filed recently and claimed the Windows Phone 7 platform is ideal for high-end smartphones.
Posted by Peter Robinson