Business
Nokia to almost pull out of Japan
Tokyo | November 28, 2008 12:01:13 AM IST
Finnish phone maker Nokia, facing a tough market in Japan, will pull out of that country except to market its high-end Vertu, Forbes reported Thursday. Nokia's Vertu phones, which cost up to $10,000, are handcrafted and feature precious metals, the financial magazine reported. There is definitely a market in Japan for Vertu, analyst Carolina Milanesi at Gartner Research was quoted as saying. She also approved of Nokia's decision, given the weak market share for its other phones. The Forbes report said Nokia has only about 1 percent in Japan's mature market, which is dominated by local makers and network operators. Compounding Nokia's problems is that Japan is now in a recession. (UPI)
Viewer's Comment |
Comments Not Available |
|
| |
City of Nawab organises Run to highlight Asian TT tourney Intermittent rains lash south TN, three dies Explore possibility of mini hydel, solar project, Farooq to J&K CPM leader killed, Buddhadeb still camping in Midnapore Freedom fighter father awaits \'revolutionary\' son\'s return BSF hands over list of 97 hideouts to BDR Chris Brown slams Rihanna for disclosing row details World Economic Forum Celebrates 25 Years in India
| 
