
On Friday(14/11/08), the Finnish communications giant said it expects to ship 330 million handsets in the quarter. Consequently, Nokia’s shipments forecast for the whole of 2008 dropped from 1.26 billion units to 1.24 billion.
“As a result of the rapid change in global consumer spending, which has impacted the mobile-device market, Nokia now expects that the industry mobile-device volumes will be lower in the fourth quarter of 2008 than previously expected,” the company said in a statement. Nokia also suggested it was being affected by some of its trade customers finding it hard to get credit in the current climate. This is the view of Nokia. The way it looks at it.
I strongly believe not only the global economic crisis lead to this way . There is another factor to consider. As we have seen a rapid growth in the mobile technology for last 5 years ,and almost reached the peak of mobile technology now, there is no enough room for further growth.

TV,GPS,WIFI,Blou Tooh,IR,Wide Screen, Big screen,Touch Screen,Radio,MP3 players, VIDEO Cam,Digital Cams,qwerty Keyboards and more function Now intergreated with a single phone apart from it’s principle function as a communication device.
Most of this developments took place during last 3 to 5 years. Now it is a state of panic with a question “what is next ?”
If you see the recent developments of new mobiles from the famous mobile giants Nokia,Black Berry,Samsung, and Sony Ericsson , the technologies are almost same.
When you compare any phones with Nokia N95 8Gb ,you will see a small differences only in the mentioned functions . May be different in input as touch screen or qwerty key board.Or may have a higher MP camera.
But the name of the technology almost same . When you check the specs of this mobile devices you will get to know the facts (I have written enough about this device in my technology forums at www.pspezone.com/forum )
1)Nokia N96
2)Nokia Xpress Music 5800
3)Samungs Inov8
4)Sony Xperiea
5)Black Berry Storm
So the main facts are
1)Global Economic Crisis
2)Lack of new invention in Mobile technology
The buying power of the customers has been reduced all over the world specially of the higher power European markets. This has the immediate impact but the lacking of technology devices is a slow impact.
Few more developments I can see mobiles going to have
1)WIMAX instead of WIFI
2)Projectors inbuilt (already china manufacturer released a phone with it)
Other than this if any one suggest reasonable tech updates please write in the comments.
(weekend thinking..)