Nokia Expects Big Growth in Wireless Web and Multimedia

Press Release - January 17, 2007

Finnish cell phone manufacturer, Nokia, predicted last week that portable multimedia devices with built-in internet connectivity would be one of the industry’s largest future growth markets.

“In emerging markets, we see that more people are accessing the internet for the first time via their mobile device rather than on a PC and we aim to be at the forefront of making that happen,” said Nokia CEO, Olli-Pekka, in a speech at the recent Consumer Electronics Show in Las Vegas.

Pekka noted that so called “converged devices,” which combine basic voice functionality with features like mobile video and web surfing, are growing in popularity at a breakneck pace.

Nokia alone shipped a total of 40 million such devices in 2006, the company reports, and hopes to continue riding this growing wave by integrating its products with web communication services like Yahoo Instant Messenger and Skype.