Reuters is reporting that Nokia’s President and CEO, Olli Pekka Kallasvuo gave credit to the new competitors like the iPhone, but said that Nokia is prepared to take on the challengers. He said that emerging rivals from the computer world have helped to accelerate interest in broadband Internet on mobile phones.
He single out the positive impact that Apple has made on the industry with its iPhone by saying that Apple has done a big favor to the mobile phone industry. “We have a new, credible competitor in this business. You know I need to take my hat off,” Kallasvuo said about the iPhone. “Of course we need to be able to respond to any competitor and we will.”
Kallasvuo said, “Europe propel the global rise of mobile communications in the 1990s but Silicon Valley created and continues to dominate the Internet. As the Internet moves onto phones, the US is poised once again to lead that convergence.”