Financial Times FT.com

Nokia reaps benefits of emerging markets

By Andrew Parker in London

Published: April 2 2008 10:35 | Last updated: April 2 2008 10:35

Nokia said on Wednesday it had seen no evidence that the global economic downturn was affecting demand for mobile phones in emerging markets, as it outlined plans for new handsets for developing countries.

Alex Lambeek, a Nokia vice-president responsible for the Finnish company’s strategy in emerging markets, said 2008 should be the first year in which the number of handsets sold in developing countries to customers replacing their existing mobiles would surpass those to first-time buyers.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this