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Nokia planning raft of iPhone challengers?

Nokia could be poised to launch a slew of envelope-pushing smartphones, despite indications that consumer demand is slowing.

During the fourth quarter of last year, Nokia reported a fall in profits of 70 per cent compared with same period in 2007.

This was attributed to a falling off of consumer demand as a result of the credit crunch.

However, according to a report from digitimes, the company has recently informed suppliers of chips used in smartphones that it will raise orders in March.

This information, coupled with comments from unnamed sources, led the site to posit that Nokia is planning a raft of new models during 2009.

The news has also been interpreted as a vote of confidence in the economy by Nokia and a sign that the smartphone market will soon recover from its travails during the latter period of last year.

Nokia recently confirmed that it has already shipped one million units of its Nokia 5800 XpressMusic phone, which is being touted as a challenger to the iPhone.

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