ChinaPostel
Latest
Nokia inks $2 billion phone deal in China, shareholders unimpressed
As awesome of a win for Nokia as it sounds, it turns out that Espoo does a regular business with wholesale distributor China Postel, and this year's order of $2 billion falls short of the $2.5 billion ordered in 2007, leaving shares in Nokia to fall about 1.8 percent on the news. Analysts think that lower average handset prices account for at least a part of the lower order value, along with speculation that China Postel might roll deep with some additional orders later in the year. Here's the interesting part, though: the orders are apparently "framework agreements" which are totally commitment-free on both Nokia's and China Postel's parts, meaning that the $2 billion could vanish into thin air with no warning or explanation whatsoever. In fact, analysts can't even confirm whether last year's $2.5 billion worth of handsets was ever fulfilled. Wait, what's the point of these so-called framework agreements in the first place, then?[Via mocoNews]
China Postel orders $2.5 billion worth of handsets from Nokia
We doubt that folks at Nokia have yet to stop basking in the glory of selling 200 million of its 1100 models yet, but the baking glow just got a bit brighter thanks to a record setting order from China Postel. China's largest mobile phone wholesaler has reportedly sent in an order for $2.5 billion worth of Nokia phones over the course of 2007, which could eventually represent "more than 20 million mobiles." Of course, China is Nokia's number one market, and it's no surprise to hear that more and more individuals in the country are slated to pick themselves up a new handset in the relatively near future. Interestingly, precise models on the PO weren't noted, but it was suggested that the bulk of them would be "low-end handsets" that cater to such markets who desire basic, reliable handsets at a rock bottom price.
