Nokia doubles shipments of smart phones in 2004

Mobile phone giant Nokia http://www.nokia.com has more than doubled its shipments of so-called smart phones to 12 million in 2004 from 2003, according to a spokesman for the company. As the Wall Street Journal (WSJ) http://www.wsj.com reports, the Finnish company has invested heavily in developing smart phones, which are able to run sophisticated software and double as hand-held computers, in an attempt to boost its revenue and distinguish itself from rivals. However, smart phones tend to be expensive and account for less than 3 per cent of the global mobile phone market, according to new figures from research specialists Canalys http://www.canalys.com .