Nokia,
furthering its stake in the India
cell phone market, announced that it anticipates cell phone users in this BRIC
nation to surpass 500 million by 2010. Nokia indicated that the market will be
split into three areas: high end (50 million users), mid-range (150 million
users), and a lower tier (300 million users), unique to India, which will be very low-cost
devices.
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