Philips developing $20 phone for China

Posted on Friday, November 18 2005 @ 16:05 CET by Thomas De Maesschalck
MobileMag writes Philips is developing an ultra-cheap $20 cell phone for the Chinese market. This phone should be ready by 2008.
Philips has invested heavily in research and development in Shanghai to develop the project. The motivation for the project is not just the massive Chinese market, but also the developing markets in India, South America and Eastern Europe. A huge portion of the world’s population doesn’t have a ton of money but is experiencing rapid economic growth. Philips is working to be able to meet their appetites.

About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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