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Nokia’s $39 Phone Rebound Wins More Time For Comeback BidWednesday, 22 August 2012
Nokia Oyj (NOK1V), burning cash as it struggles to revive its
smartphone business, is winning time for the recovery effort by gaining
more customers for another product: basic mobile phones it sells for
By adding features such as quicker Web and online games to its Asha
handsets popular in faster-growing economies including India and China,
Nokia boosted its share of the basic-phone market to 35 percent last
quarter -- the highest in two years.
Unlike the smartphone division, the basic-phone business is profitable and unit sales are increasing, reports Bloomberg. See details from teh site
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