Arab Today, arab today nokia debuts 99 in emerging market
Last Updated : GMT 19:48:18
Arab Today, arab today
Arab Today, arab today

Nokia debuts $99 in emerging market

Arab Today, arab today

Arab Today, arab today Nokia debuts $99 in emerging market

New Delhi - AFP

Struggling Finnish mobile giant Nokia unveiled Thursday a $99-touchscreen smartphone as it battles to gain traction in India and other emerging markets to reverse falling sales. Nokia chief executive Stephen Elop released the Asha 501 in New Delhi, targeting users moving up from no-frills handsets, and said he believed the model would \"reinvent the affordable smartphone\" line. Elop told reporters that analysts estimate the lower-cost Internet-enabled smartphone category could be a $40-billion market globally by 2015. Analysts suggest the once-dominant phonemaker\'s future may lie in selling budget smartphones in fast-growing emerging markets such as India, Africa and parts of Latin America where customer penetration is still relatively low. \"Global players are looking at price points below $100 where there are serious volumes to be had,\" independent New Delhi telecom consultant Kunal Bajaj told AFP. The Asha 501 -- Asha means \"hope\" in Hindi -- borrows some of its looks from Nokia\'s higher specification Windows-based Lumia and offers an array of social networking content. It will start shipping to vendors in June and be available in 90 countries. \"There is a huge opportunity in the sub-$100 range in India and other emerging markets -- that price is definitely the sweet spot for users,\" Anshul Gupta, analyst at global consultancy Gartner, told AFP. Just 10 percent of the phones sold in India last year were smartphones but the segment is expected to grow by 45 to 50 percent this year, said Gupta. Gartner\'s Gupta called the phone, which claims 17 hours\' talk time -- vital in a country such as India with chronic power shortages -- \"a leapfrog experience\" and said it raised the bar for what was available at under $100. Elop, fresh from a bruising meeting in Helsinki earlier in the week with shareholders unhappy over Nokia\'s earnings losses, said India is a \"bellwether\" for and a leading indicator of \"new consumer requirements\". \"People in India are gravitating to better-looking, more feature-rich phones,\" said analyst Bajaj. Elop, who took the reins of Nokia three years ago, did not comment directly on the firm\'s finances. Nokia trimmed first-quarter losses to 272 million euros ($355 million) from 928 million euros a year ago but sales fell 20 percent. In India, the second-largest mobile market after China, Nokia faces a stark challenge with its smartphone market share diving to 13.3 percent in 2012 from 38.4 percent the previous year, according to Telecom Lead Asia. Competition is cut-throat from Samsung and Apple as well as from Chinese, Taiwanese and Indian handset-makers. The device will initially be a 2G phone \"as 80 percent of the world operates in a 2G environment and 2G has the largest footprint in emerging markets,\" said Elop, but the range will expand to include 3G phones.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today nokia debuts 99 in emerging market Arab Today, arab today nokia debuts 99 in emerging market

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:57 2017 Sunday ,26 February

Huawei wins MRM Business Innovation Award

GMT 08:49 2017 Saturday ,25 February

Shell plans $300 mn investment in Argentina shale

GMT 05:40 2017 Saturday ,25 February

British Airways owner reports profit

GMT 15:19 2017 Thursday ,23 February

Companies' commitment to Bahrainisation quotas praised

GMT 14:48 2017 Thursday ,23 February

Etihad Airways Engineering signs deal with Kenya Airways

GMT 12:25 2017 Thursday ,23 February

Bharti Airtel buys Telenor's India operations

GMT 10:47 2017 Thursday ,23 February

Saudi Aramco may offer discounted shares to citizens
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday