• Sales of Nokia’s low-cost Phones Increasing

    Friday, July 18th, 2008

    With developed countries reaching the saturation point, mobile phone manufactures have to look to developing countries for increased sales. Nokia is selling more and more single-chip mobile phones in these nations. Sales numbers should reach into the tens of millions.

    Single-chip phones are inexpensive to manufacture and are highly desired in developing nations, which often have a poor land-line infrastructure. Mobile technology is inexpensive to install and brings phone service to places that otherwise wouldn’t have telecommunications. Companies like Nokia sell single-chip phones at a low price and makeup profits by selling large numbers of units.

    “We now have several single-chip phones in the market. It is one of the key factors in our cost competitiveness in cheaper phones,” Nokia Chief Executive Olli-Pekka Kallasvuo told Finnish daily Helsingin Sanomat.

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