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Nokia CEO: Market will grow up to 10% this year, average phone price will drop

February 20, 2007 by Stefan Constantinescu - 1 Comment

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Considering the BBC just said that 85% of all new cellular phone subscribers are from developing countries then I would say Olli is spot on.

Ultra brief article on Forbes:

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Nokia’s chief executive Olli-Pekka Kallasvuo has predicted that mobile phone prices will continue to drop this year, giving his company a competitive advantage, the Welt am Sonntag reported.

‘This year the market will expand by up to 10 pct, and the average cost for a cellular phone will drop,’ Kallasvuo said in an interview with the newspaper.

‘Nobody can produce cellphones at the same low costs that we can and we can use our position as the market leader to our best advantage,’ he said.

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