Life

Nokia's single-chip phones sales volumes high: report

Nokia (NOK1V.HE: Quote, Profile, Research) has reached high volumes in single-chip mobile phone sales, the company's head was quoted in a newspaper as saying on Friday.

Single-chip technology is used to make ultra-low-cost phones, aimed at developing markets.

"We now have several single-chip phones in the market. It is one of the key factors in our cost competitiveness in cheaper phones," Nokia Chief Executive Olli-Pekka Kallasvuo told Finnish daily Helsingin Sanomat.

"We are already talking about volumes of tens of millions."

In May, chipmaker Infineon (IFXGn.DE: Quote, Profile, Research) said a project to supply Nokia with single chips for its ultra-low-cost phones had been delayed.

But Nokia has said its development of the phones is on target, as it has multiple suppliers for the project, including Texas Instruments (TXN.N: Quote, Profile, Research).

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