Industry Snapshot - Nokia Americas
Olli Kallasvuo, President, Nokia Americas
1) How did 1998's financial turmoil affect your business?
Nokia has been able to withstand financial pressure in 1998. Our third-quarter results showed a continuation of the fundamental strengths of our telecommunication markets, and we again substantially surpassed all of our previously reported quarterly results. Based on our strong performance and preliminary market data for the nine months in 1998, we feel confident in declaring that we have become the largest supplier of mobile phones world-wide.