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Don't Get Hung Up on Cell Phones' 2002 Prospects

Discussion in 'GENERAL Wireless Discussion' started by KevinJames, Nov 20, 2001.

  1. KevinJames

    KevinJames WA's 1st retired mod
    Senior Member

    Oct 2, 2001
    Likes Received:
    Central Valley NorCA
    My Phone:
    Samsung S7-Edge
    Wireless Provider(s):
    AT&T & Verizon
    The following is taken from: http://www.thestreet.com/markets/tishwilliams/10004132.html

    Don't Get Hung Up on Cell Phones' 2002 Prospects

    By Tish Williams
    Senior Writer
    11/19/2001 09:00 AM EST

    Mobile-phone investors haven taken their feet off the brakes in the past two months.
    After a 2001 market most notable for overflowing handset inventory, 2002 is going to be a year of new phones and new wireless technology. Investors inured to this year's continually sinking handset forecasts have bid up mobile-phone makers' stocks in anticipation of a sweeping change. At analysts' estimates of 450 million phones to be shipped, next year's market won't live up to pre-2001 expectations in the 600 million phone range, but 12% to 20% growth over 2001 is a possibility as the market regains some of its old form.

    Investor optimism about 2002 is pushing up the prices of the handset makers, but the outlook may not be as rosy as the expectations. It remains to be shown that subscribers will buy the services that require third-generation networks. And generic handset-makers will continue to nibble away at the lower end of the mobile-phone business.

    Nokia (NOK:NYSE ADR - news - commentary - research - analysis) has been the biggest beneficiary of investor excitement, with its stock up 81% since Sept. 10. Europe buzzed Friday with sneak peeks at two new Nokia phones to be introduced during the International Nokia Mobile Internet Conference in Barcelona, Spain, this week.

    The new phones apparently will be the 7650 phone with a color screen and a low-end 5210 phone. Nokia plans to revamp its phone lineup from initial GPRS to cheaper phones, a move that has been applauded by the Street and the market, and will likely be an emphasized topic at Nokia's Capital Markets Day on Nov. 27 in New York City.

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