Indian Mobile Sales Overhaul USA, Reports Nokia

27 August 2007

KEILALAHDENTIE, Finland: India has leap-frogged the USA to become Nokia's second largest sales market behind China, the Finnish cellphone manufacturer announced.

CeoOlli-Pekka Kallasvuo made the statement last week whilst meeting suppliers and clients in the world's largest democracy, which currently has around 120 million mobile users and is said to be gaining around six million more each month.

According to the managing director of Nokia's Indian unit, around 45% of handsets used in the country are made by the company.

Nokia had previously expected Indian sales to pass US totals by 2010: its figures from 2006 valued Indian sales at €2.7 billion ($3.7bn; £1.8bn), compared with €2.8bn in the US.

Data sourced from BBC Online (UK); additional content by WARC staff