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Because demand are decreasing, Nokia cell phone market starts to decline

Because the economic recession results in consumers demand declining, the International manufacturer, Nokia, predicted that its global cell phone market will fall in this Q4 and next year. It also forecasted that the sales volume will be 1.24 billion cell phones which lower than 1.26 billion it predicted before. Therefore, Nokia foresaw that the shipping quantity of portable devices and the demand of telecommunication equipment will decline seriously.