
Nokia will sell more than 500 million handsets this year, according to its new mobile unit head Rick Simonson. He is also bullish about Nokia’s chances of competing in the smartphone market. “By 2011, our efforts will start producing results, as we will be at par with Apple (NSDQ: AAPL) and RIM (NSDQ: RIMM) in smartphones. Not only we draw level with them, we will also win the war because, in addition to email, we will be adding content, chat, music, entertainment and several other features, which will soon become very critical for success of any company in this space.” Source: The Economic Times