Mobile Phone Bonanza

Makers of handsets are seeing sales and profits soar. And it doesn't look as if lower-priced units for emerging markets will bring them down to earth

After a blowout year in 2005 for the mobile phone business, when sales soared 21%, to more than 800 million handsets, investors were justified in worrying that momentum could run out this year. Ever cautious, market leader Nokia (NOK) predicted that industrywide unit sales might climb just 10% in 2006.

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