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Nokia to launch 10 high-speed 3G phones next year
Posted: 19-Nov-2004 [Source: Reuters]

[Nokia CEO, Jorma Ollila speaking at a seminar Friday, said the replacement market will drive handset growth next year creating opportunity for devices supporting color screens, MP3 and 3G.]

By Brett Young, Helsinki -- "Nokia, the world's largest mobile handset maker, will roll out about 10 high-speed 3G phones in 2005 and expects the market for replacement phones next year to remain steady with this year, its chief executive said.

"The replacement market we are assuming to be stable, with 26 percent of the subscriber base replacing their devices during the year and colour (screens), cameras, MP3 and 3G being the real opportunities," Nokia Chief Executive Jorma Ollila told a seminar on Friday.

The replacement market is a key area where Nokia is aiming to tap growth next year, helped by recent launches of phones with colour screens and fold-away designs."

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