Neonode expects to ship 200,000 phones in 2008

Touch screen technology developer and handset maker Neonode reported that it sold 31,000 Neonode N2 handsets in 2007 with a total sales price of $10 million. Neonode sells its phones in 13 markets including India and a number of countries throughout Europe. The company expects to ship at least 200,000 handsets in 2008.

"According to IDC, there were about 1.2 billion cell phones sold in 2007, and that is expected to grow by 10 percent or more in 2008 and 2009. We believe our N2 and some of our next-generation handsets have enough uniqueness, style and leading-edge intuitive technology to be a real contributor to that growth curve," said Neonode CEO Mikael Hagman.

For more on Neonode:
- read this press release

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