Mobile phone maker Nokia is standing by its forecast that the number of handsets sold in the world will rise by 10% this year from the combined 405 million shipped by all manufacturers in 2002.
But in a strategy update, Nokia also confirmed its estimate that infrastructure sales were likely to drop by 15%.
It also raised its estimate for the total number of mobile subscriptions to 1.6 billion by the end of 2005 from a previous estimate of 1.5 billion.
Commenting on its own expected performance, Nokia said 'early indications in the second quarter point towards significant market share gains in the US market'.
Nokia also said it expected camera phone volumes to surpass digital still camera market volumes by the middle of 2003.
At a mid-quarter update yesterday, Nokia sent investors a gentle warning that sales in the second quarter were likely to come in weaker than forecast, but insisted that mobile phone profits would keep headline earnings intact.
