Nokia sees Apple's iPhone stimulating mobile market

Reuters
Thursday, January 25, 2007; 9:09 AM

HELSINKI (Reuters) - The world's largest mobile handset maker Nokia (NOK1V.HE) said on Thursday it expects Apple Inc.'s (AAPL.O) decision to produce a mobile phone will stimulate the market.

"I don't think that what we have seen so far (from Apple) is something that would any way necessitate us changing our thinking when it comes to openness, our software and business approach," Nokia Chief Executive Olli-Pekka Kallasvuo told a conference call with analysts.

"But the fact that Apple is entering the market, in general, I think will stimulate this market, it's very clear."

"I think it will be good for the industry and I very much welcome that."

Apple announced its much-anticipated music-playing iPhone earlier this month, to capitalize on the popularity of its iPod digital music players.

Kallasvuo also said he expected Nokia's Enterprise unit, which makes business-orientated phones, would reach break-even in the first half of this year.

© 2007 Reuters