Nokia to sell $25, 000 Ferrari phone
"We worked very closely to develop this limited edition of 60 phones. Detailing on the phone is inspired by detailing on a number of Ferrari cars," said Vertu spokeswoman Elizabeth Maragh.
Luxury goods segments are benefiting from fast economic growth in countries such as China, India and Russia, while Middle East markets have strengthened as a boom in commodity prices has increased incomes.
Nokia and other cell phone manufacturers are increasingly teaming up with designers. Earlier this week Italian designer Giorgio Armani joined forces with Samsung Electronics to design a television and a mobile phone.
Designers Dolce & Gabbana have teamed up with Motorola for a gold-colored version of the RAZR mobile phone model and Prada has developed a phone with South Korea's LG Electronics. NY Times