Nokia signs $2 billion worth of deals in China – which is not as good as it sounds
Nokia has signed two new deals with important Chinese phone distributors.
According to Reuters, one of the deals was signed with China PTAC, while another one was signed with Telling Telecommunication Holding Co. Ltd. (which, curiously, also sells liquor and fruits in China).
The deals worth more than $1 billion each, and while they do bring a lot of cash to Nokia, their value is down when compared to the deals made last year – when only the deal with China PTAC was worth $1.76 billion.
Reportedly, Nokia’s revenue in China was of $8.6 billion in 2009, this making China Nokia’s third largest sales area.
In the last few years, Nokia made quite many phones especially designed for the Chinese market, including: Nokia 6316s, Nokia 3806, Nokia 1506, Nokia 3208c, Nokia 8208 and Nokia 6788 (pictured above – it’s the company’s first TD-SCDMA phone).