In a recent report, Nokia (whose Finnish HQ is pictured here) declared that growth for its handset sales in Europe had fallen from a relatively healthy 16% on 2006 to a rather worrying 3% in 2007. In addition, the previously buoyant markets of Africa and the Middle East (68% growth in 2006) had mellowed to 19% in 2007. Even relatively stable markets such as the USA had fallen from 13% to just 6%.
Not all the news was doom and gloom, however. Mirroring other global markets, China proved to be the fillip with a growth rate of 34%. The overall European market situation should, ultimately, be good news for customers, however. Market saturation will force manufacturers to become more innovative and bigger and better deals will surely result.