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India surpassed U.S. as Nokia No.2 market


Thursday, August 23, 2007 Nokia said yesterday that India surpassed U.S. in the second quarter as its second largest market after China.

Globally, Nokia sold 100.8 million phones in April-June and according to research firm Gartner had a market share of 36.9 percent.

The Finnish mobile phone maker said in a statement it had started exporting handsets made at its plant in Chennai, India, to 58 countries.

It also repeated that its joint venture with Siemens, Nokia Siemens Networks, would invest $100 million in India over the next three years.

By: DocMemory
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