Nokia to sell 100m cameraphones in 2006

30 March 2006 in Nokia

Chief exec says firm has 20 per cent cost advantage over rivals

Nokia, the world's biggest producer of mobile phone handsets, expects to sell over 100 million cameraphones this year.

Chief executive Jorma Ollila made the announcement at the company's annual general meeting in Helsinki, claiming that Nokia has a 20 per cent cost advantage over its rivals.

Nokia has also raised its forecast for global handset market growth in 2006 to 15 per cent or more from 10 per cent.