Nokia and Motorola helped by India, China sales


MotorolaBloomberg is reporting that Nokia’s and Motorola’s Q2 profits have been spurred mainly by their respective growth in India and China. Both companies have introduced cheaper phones to lure more first-time buyers and take market share from Samsung in China and India, the fastest-growing markets.

“Phone makers need to innovate and bring some tougher competition to the likes of BlackBerry to raise the growth rates in developed markets,’’ said John van den Berg, a fund manager at AZL Vermogensbeheer in Heerlen, Netherlands.

With reports like this, it’s easy to see why RIM is so eager to expand into foreign markets: you can’t beat growth, no matter where it comes from.