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India leapfrogs USA to become Nokia's second largest market

Darren Murph
August 24, 2007
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No real shock here, but according to Nokia, India has just overtaken America as the handset maker's number two market. 'Course, China is still hanging tight to the top spot for now, but Nokia execs are expecting "demand to remain strong as India's user base surges." Interestingly, President Olli-Pekka Kallasvuo reportedly suggested that he didn't expect the demand in India to be limited to "low-cost phones," hinting that mid-range to high-end handsets may take off there after all. Oh, and Nokia had previously expected India to become its second largest market by volume "by 2010, if not sooner" -- so it looks like things are moving well ahead of schedule, eh?

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