India overtakes U.S. as Nokia’s No. 2 market

The world’s top cell phone maker shipped 60 million handsets from its factory near the southern Indian city of Chennai in the 18 months up to August. CEO Olli-Pekka Kallasvuo expects demand to remain strong as India’s user base surges.

“India has quickly become one of the largest markets,” he told reporters in New Delhi, adding he expects demand will not be limited to cheaper phones. “India is not a low-end market. It is a very versatile market in all price points, in all segments,” he said.

Kallasvuo is on a three-day visit to India to meet government officials, clients and component suppliers.

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

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