Nokia Discusses Mainland Penetration with Partner China Mobile

From Nokia's (NOK) Q3 2006 earnings conference call earlier today:

Olli-Pekka Kallasvuo - President and CEO, Nokia

China was also surprisingly strong in the quarter, with 40% year-on-year growth. Again, our estimate of the device markets there was 36% up 2 points sequentially and up 3 points year-on-year.

In terms of specific markets for the third quarter, year-on-year, Nokia had its strongest sale gains in Latin America, China and Asia Pacific. Sequentially, we have notable share gains in Latin America and Asia Pacific.

In Mainland China, we have been working flawlessly with China Mobile to penetrate the rural markets. We estimate this has contributed another gain in the market share in the third quarter, resulting in 13 quarters of uninterrupted gains for us in this market.

Finally, our progress in the fastest-growing markets of the world continue to be extremely strong. We estimate we are the clear number one in India, in China, in Middle Eastern Africa, in Southeast Asia Pacific and in wideband CDMA in general.

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