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Mobile phone networks to decline even further - analysts
by Guy Kewney | posted on 13 March 2002
Following Nokia's gloomy forecasts yesterday on wireless phone networks and growth, Bloomberg has discovered Gloomberg in the market.
Analysts at JP Morgan Chase took fright at yesterday's Nokia announcements - which predicted "less bad than expected" results - by focusing on the story about infrastructure sales.
According to Bloomberg, JP Morgan now expects spending on wireless communications equipment to fall 10 percent in 2002. And that's not the end of the bad news: originally, their analysts thought next year would be about the same as this year, but they now expect it to drop another 5%.
Forecasts for expanding current mobile services and starting faster mobile-data services have been too optimistic, Bloomberg said quoting JP Morgan's Rohit Goel.
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Mobile phone networks to decline even further - analysts
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