Nokia CFO hopes iPhone expands high-end market

Nokia CFO Rick Simonson has expressed hopes that the iPhone could help expand the high-end mobile phone market, according to Reuters. “The consumer … hasn’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,” said Simonson at the Reuters Global Technology, Media and Telecoms Summit. “It (the N95) is already out there, doing many of the things that people are talking about the iPhone doing. The iPhone is interesting. It’s very much a validation of what we’ve been doing, in terms of saying there is a multimedia device out there that people will pay for.”