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Old 04-11-2008
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Join Date: May 2008
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Nokia to launch seven mobile phone in India

Nokia Oyj will today unveil seven new phones as well as Internet services for emerging markets, industry sources told Reuters.

Emerging markets are a stronghold for the world's top cell phone maker, but it has lately seen increasing competition from vendors such as China ZTE and Samsung Electronics.

The new phones will include the Nokia 1202, a follow-up to Nokia's top-selling model 1200, which will sell for around 25 euros ($32.2) and two models with e-mail support priced at 40 euros.

Handset makers are looking increasingly for opportunities to tap booming demand from emerging markets as slowing economies have started to hurt sales in developed markets.

Nokia has also started to look for new revenue streams from Internet services, for which it could find a wide audience on emerging markets.

But in developed countries, the Finnish group is battling with more established players like Flickr or Apple.
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