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Mobile Technologies
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by leo on October 19, 2007
Handset manufacturing giant Nokia is doing what other leading mobile companies simply can't do - make money from low-end mobile phones. According to BusinessWeek, Nokia's third-quarter profit soared 85%, to $2.2 billion, handily beating analysts' estimates and sending its stock surging.

Despite grabbing a 39% global market share and controlling 50% of the global smartphone market, Nokia remains a distant player in the U.S. market.
This situation might change in the coming years with the recent acquisition of NAVTEQ and social networking site Twango. Then again, the entry of iPhone and other iPhone-wannabes signals a more competitive playing field.

Despite grabbing a 39% global market share and controlling 50% of the global smartphone market, Nokia remains a distant player in the U.S. market.
This situation might change in the coming years with the recent acquisition of NAVTEQ and social networking site Twango. Then again, the entry of iPhone and other iPhone-wannabes signals a more competitive playing field.
Permalink: Nokia Makes a Killing in Low End Phones
Tags:
nokia
mobile+technology
mobile+trends
cellphone
mobile+phones
mobile
october+2007
killing+phones
Trackback: http://publish.creative-weblogging.com/publish/mt-tb.pl/97755
Mr Wong
Vote for Nokia Makes a Killing in Low End Phones:
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Rating: 8.67 out of 6 vote(s) cast.
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Response from:
CellularPronto
(10/22/07 6:29am)
Nokia makes nice candy-bar phones. Although the margins for these phones are lower than higher-end smartphones, the greater volumn makes it up.
Response from:
Mobiles
(02/25/09 1:44am)
It is only going to get more and more competitive as time goes on, so Nokia better save those profits as they are going to need them to break into the US
Response from:
Tech|noob
Engadget is reporting that AT&T will finally get the Nokia N95-3 sometime in the second quarter of
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