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Nokia Sees Flat 2010 Market Share

The world's biggest handset maker is targeting its volume share of the mobile devices market to be flat in 2010 vs. 2009.

HELSINKI (

TheStreet

) --

Nokia

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, the world's biggest handset maker, is targeting its volume share of the mobile devices market to be flat in 2010 vs. 2009.

Nokia, in a statement Tuesday, said it expects industry volumes to rise 10% from 2009.

"Going into 2010, the overall mobile devices market is stabilizing and it is growing more in the areas where Nokia has competitive advantages," said Chief Financial Officer Timo Ihamuotila, in a statement Wednesday. "We believe that by executing on the operational priorities we have set, Nokia will be competitive in both mobile phones and smartphones and will improve its value share."

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Nokia said it expects to increase its mobile device value market share slightly in 2010.

Nokia's market share on volume in the third quarter was about 38%, equal to the second quarter.

-- Reported by Joseph Woelfel in New York

.

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