Nokia CEO Oli-Pekka Kallasvuo shrugged off competition from the Apple iPhone and RIM BlackBerry smartphones, claiming his company still owns 40 percent of the smartphone market.
Kallasvuo said: "Our market share in smartphones is about 40 percent, the same market share that we've always had."
He said that while some competitors such as Phillips, Siemens and Lucent have disappeared, others have emerged. "We need to be able to compete with the new people as well," he said. He did not specify how Nokia will compete with the Apple iPhone and with the BlackBerry.
He said: "You have traditional competitors like the Korean and Japanese companies and now we have new competitors like Apple and RIM. We are talking about redefining what's happening."