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Major Milestone Reached - One Billionth Nokia Mobile Phone Sold This Summer
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Looks like China is not the only new growth market for mobile phones. I just learned that Nigeria has sold their billionth Nokia phone. Now that is a lot of calling plans!
“The continued rapid growth in mobile subscriptions has exceeded even the mobile industry’s own estimates. Since the early 1990’s we have seen voice go truly wireless and mobile phones evolve from voice centric to feature driven devices. Earlier this summer, Nokia sold our one billionth mobile phone - a Nokia 1100 sold in Nigeria,” says Kai Öistämö, Senior Vice President, Mobile Phones. “It will be new growth markets like Nigeria that will fuel the growth towards three billion subscribers by 2010.” [Read the rest]