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Fri, Jan 24, 2003 - Page 12 News List

Nokia hopes China will restore its sales

HANDSETS With the Finland-based company's sales possibly declining for the first time since 1991, it is likely to begin focusing marketing efforts on the Middle Kingdom

BLOOMBERG , ESPOO, FINLAND

Asian rivals are another threat, including Samsung Electronics Co., the world's No. 3 mobile-phone maker, and TCL, China's biggest mobile-phone maker, Masci said.

Seoul-based Samsung last week said fourth-quarter profit almost quadrupled, boosted by sales of high-margin phone and chips. Motorola on Tuesday said it had a fourth-quarter profit of US$174 million, its first consecutive profit in two years.

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