“[Americans haven't] had a lot of choice to go out and purchase these kind of higher-end, feature-rich multimedia devices. If that can help that market grow, I think that gives us an opportunity,” Simonson claimed.



The CFO was careful to note that his company’s reaction to the iPhone would likely involve mutual competition. Apple’s strategy would validate Nokia but would likely require some change in what Nokia offers. “Don’t get me wrong, they will bring some things to the table that we have to be responsive to,” he said. “But we have been investing in this area for some time.”