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Nokia Sees Handset Replacement Driving Mobile Sales in 2006
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Nokia expects that mobile handset replacements will push its global sales this year. The Finnish vendor estimates that replacements will account for more than 60% of its total sales in 2006. Significance: With mobile penetration reaching or exceeding 100% in mature mobile markets, handset manufacturers now rely upon customers upgrading...Deutsche Telekom's 4Q Net Profit Down
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FRANKFURT, Germany -- Deutsche Telekom AG, Europe's largest telecom and parent of the T-Mobile cell-phone brand in the U.S., said Thursday its fourth-quarter profit fell 43 percent due to a charge on its British wireless operations and lower sales of traditional telephone services. However, full-year profit grew strongly and the company...Nokia Ousts Design Head
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ESPOO, Finland -- Nokia (NYSE:NOK) today announced it will strengthen its multidisciplinary design unit by forming a single company-wide design organization. The new global team will be responsible for the entire design process, from strategy and conceptualization to product development, for Nokia's complete portfolio of devices. This...Copyright (C) 2005 PricewaterhouseCoopers.