Nokia CFO Rick Simonson: iPhone’s high price tag is beneficial for the American market
By Stefan Constantinescu on Wednesday, May 16th, 2007 at 1:12 AM PST In Financial/Corporate News
"The (U.S.) consumer … hasn’t had a lot of choice to go out and purchase these kind of higher-end, feature-rich multimedia devices. If that can help that market grow, I think that gives us an opportunity," Nokia (NYSE: NOK) CFO Rick Simonson said at the Reuters Global Technology, Media and Telecoms Summit.
I said the exact same thing during the S60 Summit round table podcast and I’m glad to see someone repeating it. Americans are used to free or less than $100 phones, anything more costly is typically a QWERTY device which is seen as business only. This whole concept of "multimedia computer" is a new one in this market and I’m not going to make any predictions regarding its success since over here we care more about looks than spec sheets.
