Nokia Expects To Ship 100 Million Camera Phones In 2005

AMSTERDAM -(Dow Jones)- Nokia Corp. (NOK) expects to ship over 100 million handsets with built-in cameras in 2005, Chief Executive Jorma Ollila said Wednesday at a presentation of the new Nseries multimedia mobile phones.

Ollila repeated that Nokia expects to sell over 25 million smart phones in 2005 and added he expects the company to sell 40 million devices with MP3 music players in them.

The targets include the launch of three new Nseries phones in 2005.

The world's leading mobile handset maker declined to comment on the expected shipments of the new devices or on the planned annual launches of the product beyond 2005.

The new devices will have five working hours before the battery runs out and can be on stand-by for 10 days.

Juha Putkiranta, Nokia's senior vice president of the Imaging Business Unit Multimedia, said that the new Nseries line will become an important part of Nokia's smart phone portfolio, but declined to elaborate. He said the retail prices of the new phones will be between EUR500 and EUR700.

Every Nseries phone that will be launched will have at least a 2 megapixel camera build in, Putkiranta said.

Company Web site: http://www.nokia.com

-By Stefan Simons, Dow Jones Newswires; 31 20 6260770; stefan.simons@dowjones.com

(END) Dow Jones Newswires"

Posted to the site on 27th April 2005