Developing nations are home to a massive chunk of the world's population and it is with that fact in mind that the Nokia X1-00 takes its cues.
Designed with a selling price of 35 euros in mind, the Nokia-X100 is a low-cost cell phone targeted at the "next billion" customers that the company expects to develop in high-density, emerging countries like those in south Asia and Africa. In order to capitalize on this potentially lucrative market, the Nokia X1-00 comes equipped with a FM radio, a headphone jack, a loudspeaker, a built-in flashlight as well as support for up to five different phone books to be stored on the phone simultaneously.
According to Nokia, the Nokia X1-00's low retail price will make it "accessible to people for whom that's nearly a month's salary."
Low-Cost Cell Phones
The Nokia X1-00 Takes Aim at Developing Nation Consumers
Trend Themes
1. Affordable Cell Phones - Disruptive innovation opportunity: Create low-cost mobile devices tailored to the needs and purchasing power of consumers in developing nations.
2. Emerging Market Expansion - Disruptive innovation opportunity: Develop strategies and products specifically targeted at high-density, emerging countries in order to tap into the 'next billion' customers.
3. Inclusive Features - Disruptive innovation opportunity: Design cell phones with inclusive features such as FM radio, headphone jack, loudspeaker, and built-in flashlight to meet the needs of consumers in low-income regions.
Industry Implications
1. Mobile Phone Manufacturing - Disruptive innovation opportunity: Start manufacturing low-cost cell phones to capture the growing demand in emerging markets.
2. Consumer Electronics - Disruptive innovation opportunity: Invest in research and development to create affordable and feature-rich electronics tailored to the needs of consumers in developing nations.
3. Telecommunications - Disruptive innovation opportunity: Expand telecommunications infrastructure in emerging markets to provide affordable connectivity solutions for the 'next billion' customers.