Nokia holds on to top spot

Handset maker Nokia shipped 51.4 million units in the third quarter of 2004 to retain its top position in the global cell phone market, a study has shown.

A total of 165 million cell phones shipped in the quarter, inching closer to In-Stat/MDR's global shipments forecast of 653 million for the year, the market researcher said Tuesday.

Nokia's 31.2 percent market share remained unchanged from a year ago, an improvement over the last quarter, when it saw its share slip.

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