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Nokia's Multimedia unit suffers delays

Written by James Delahunty (Google+) @ 28 Jan 2007 15:20

Nokia's Multimedia unit suffers delays The world's largest mobile phone handset maker, Nokia, has admitted that the Multimedia unit suffered delays in raising production of some new multimedia models throughout the fourth quarter of 2006. The Unit produces phones with advanced multimedia features like video and music playback. The company did report that the situation has now improved however.
"There were delays, as opposed to what we expected, in ramping up operation areas in some new products. We were suffering from that almost throughout the quarter," Chief Executive Olli-Pekka Kallasvuo told a news conference. "The situation improved toward the end of the quarter."

"In that regard obviously we will target higher growth in that area, going forward. The ambition level in the unit needs to be higher." he added. Kallasvuo said that the group generally releases between thirty and forty new models annually and expects to do the same this year.

Source:
Reuters

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