Nokia sees higher mobile growth rate

Handset leader Nokia raised its estimate for growth in worldwide mobile device sales this year to 915 million, or 15% over 2005, saying most of the increase would be in the emerging markets of Asia and Africa, an Associated Press report said.

The Finland-based company had earlier predicted a 10% global increase in the number of mobile handsets from an estimated 795 million units in 2005. It did not forecast its own growth or sales for the rest of the year.

The report further said Nokia also announced the launch of three low-priced handsets in China, in a bid to win new phone users in Asia.

The report quoted CEO Jorma Ollila as saying that the company was "well placed for some new innovative leaps," but did not give details.

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