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Home » Asia, China, India

Nokia Takes Over India and China

Submitted by Bill Belew on Wednesday, 29 March 2006No Comment

In every fundraising slide presentation there is one slide that looks like a hockey stick.

Profits level off and then magic happens and profits sky rocket.

That magic is usually when the company makes in roads in China or India. But what happens when its both countries?

It takes off like a Finnish ski jump. (I know, this is in Norway.)

NOKIA is doing exceedingly well in the Chinese (30%) and Indian (60%)markets.

In China, MOTOROLA and SAMSUNG are both a distance number 2 and 3 at about 10%. In India, LG is number two at about 12%.

China has the largest celluar market in the world at 400 million users. India is way down the list but has almost as many people as China and is growing as quickly in economic might as China. Within four years India and China combined will have more than 1 billion people flipping their $400 dollar cell phones open and knowing nothing about how that all started on Star Trek.

Still, there is a lot of money to be made – think of the $5 billion ring tone industry, games, stock trading, oh, and calling mom to ask to borrow money.

Nokia has the lead in this market in Asia.

Is anyone going to try harder to overtake them?

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