updated 12:25 pm EST, Mon February 5, 2007
Nokia on iPhone, market
Nokia CEO Olli-Pekka Kallasvuo this week said he doesn't think his company needs to change its business practices as a result of Apple's iPhone, but said the Cupertino-based company's entry into the cellular handset business will clearly stimulate the market. "The fact that we will see multipurpose devices from many manufacturers, I think it will be good for the industry," Kallasvuo said. "And in that way, I very much welcome [Apple to the market]." Samsung however believes Apple's iPhone -- touted as 'revolutionary' by CEO Steve Jobs during his keynote speech at Macworld in January -- offers few features that are innovative or new, according to the Associated Press. "They're just jumping into the party where everyone else is," said Peter Skarzynski, senior vice president at Samsung's telecommunications unit in North America."